Crude Oil managed yesterday to re-test the old support of 61.25.
The market still faces pressure signals which could push for a break below 61.25.
Intraday resistance is at 62.70 where as long as the market holds below it, the drop movement could sustain.
Above 62.70, more of a rebound will be expected with resistances at 64.45 and 66.30.
| SUPPORT | RESISTANCE | |
| LEVEL1 | 61.25-50 | 62.70 |
| LEVEL2 | 59.50 | 64.45 |
| LEVEL3 | 57.60 | 66.30 |
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