Crude Oil managed to test the support zone of 71.50-99 and rebounded as expected to hit the targets 74.20 and 75.80.
As we see on the chart, the support trend is around 71.50-99 and if prices hold above it another advance wave toward 80.50 will be expected.
Intraday levels show support around 74.50-90 and yesterday obtained a Daily close above 75.80.
| SUPPORT | RESISTANCE | |
| LEVEL1 | 74.50-90 | 77.35 |
| LEVEL2 | 72.70 | 78.80 |
| LEVEL3 | 71.50 | 80.50 |
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