Crude Oil seems still holding trades below downtrend line as we see over the chart where resistance laying at 62.60-70 zone
As long as market holding below 62.70 market may sustain drop to re-tetst support 58.00-50 which in turn may provide another advance wave toward 62.00-50 zone
Above 62.70 market may head for farther advance toward 64.60-80
Support | Resistance | |
Level 1 | 61.20 | 62.60-70 |
Level 2 | 59.90 | 64.60-80 |
Level 3 | 58.00-50 | 66.20 |