Crude Oil failed for the second time to obtain a daily close above the resistance of 83.60 while maintaining prices below the downtrend line.
The market managed to keep holding trades above the 80.00 level and corrected as expected.
Below 80.00 of a more drop toward 77.50 will be expected with the main support laying at the 76.00-50 zone.
A daily close above 83.60 could activate further advance toward the 87.20 zone.
| SUPPORT | RESISTANCE | |
| LEVEL1 | 8000 | 83.60 |
| LEVEL2 | 77.50 | 85.50 |
| LEVEL3 | 76.00 | 87.20 |
|
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