As we see over the Intraday chart, Crude seems to be holding inside a triangle formation which sets the support around 62.50 and resistance around 65.00.
A trading zone inside this triangle could hold the market.
Above 65.00 more advance toward 69.00 will be expected.
Below 62.50 more of a drop toward the old target of 59.50 could hit the market.
| SUPPORT | RESISTANCE | |
| LEVEL1 | 62.50 | 65.00 |
| LEVEL2 | 61.50 | 66.15 |
| LEVEL3 | 59.50 | 67.25 |
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