Crude Oil fell below 63.20-80 which could push for a further drop to test the support trend at 61.60-62.00, as we looked at the opposite scenario last week.
The market is facing a support trend around 61.60-62.00, and if prices remain above it, a rebound could hit the market with resistances at 64.45 and 66.00-30.
Below 61.60, this could create more pressure over the market towards the 59.50 zone.
| SUPPORT | RESISTANCE | |
| LEVEL1 | 61.60-62.00 | 64.45 |
| LEVEL2 | 59.50 | 66.30 |
| LEVEL3 | 57.60 | 67.20 |
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