Crude Oil fell below the support of 61.25 as expected while targeting towards 59.50.
Intraday resistance is at 62.70 where as long as the market holds below, it the drop movement could sustain.
Above 63.35, more rebounds will be expected with resistances at 64.45 and 66.30.
| SUPPORT | RESISTANCE | |
| LEVEL1 | 59.50 | 62.70-63.35 |
| LEVEL2 | 57.60 | 64.45 |
| LEVEL3 | 55.20 | 66.00-30 |
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