Crude Oil hit around 61.60 yesterday at the support of the current trading triangle formation as we see from the chart.
The current trading zone is now between support 61.50-70 and resistance 64.00-20.
Below 61.50 more of a drop will be expected towards 59.50 and maybe 57.60.
Above 64.20 more advance will be expected with resistance at 65.80 which could push for a drop.
Above 65.80 more advance will be expected with resistances at 67.20 and 70.20.
| SUPPORT | RESISTANCE | |
| LEVEL1 | 61.50-70 | 64.00-20 |
| LEVEL2 | 59.50 | 65.80 |
| LEVEL3 | 57.60 | 67.20 |
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