Crude Oil failed for the second time to obtain a daily close above the resistance of 83.60 while maintaining trades below the downtrend as seen on the chart.
The market managed to keep in this trading zone between support 80.00 and resistance 83.60.
Prices managed to keep holding trades above the 80.00 levels and hit a rebound as expected.
Below 80.00, more of a drop toward 77.50 will be expected with the main support at 76.00-50.
A daily close above 83.60 could activate another advance toward 87.20.
| SUPPORT | RESISTANCE | |
| LEVEL1 | 80.00 | 83.60 |
| LEVEL2 | 77.50 | 85.50 |
| LEVEL3 | 76.00 | 87.20 |
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