
Crude Oil broke above 60.25 today which could set a further advance.
As we see over the chart and as long as the market holds above 59.50-90, an advance movement toward targets 61.50 and 63.50 will be expected.
Below 59.50 more of a drop to test the 58.00 trend level is likely.
SUPPORT | RESISTANCE | |
LEVEL1 | 59.50-90 | 61.50 |
LEVEL2 | 58.00-20 | 63.50 |
LEVEL3 | 56.50 | 64.80 |
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