Crude Oil –16.05.2025

Crude Oil hit the targets of 61.50 and resistance 63.50 whilst dropping and closing again to support zone of 59.50-90.
As we see over the chart and as long as the market holds above the support of 59.50-90, another advance wave toward 63.20-50 and 64.80 will be expected.
Below 59.50 more of a drop could hit the market with support around 57.60.

SUPPORT RESISTANCE
LEVEL1 59.50-90 61.50
LEVEL2 57.60 63.20-50
LEVEL3 56.30 64.80

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