Crude Oil met the target of 67.00-70 last week and managed to hit few pips below that support.
As we see on the Intraday chart the market is now facing support around 66.70 while resistance is around 68.50-69.00. This could create a trading zone before a drop toward 63.90.
Above 69.00 a chance for a further rebound correction could happen with resistances at 70.90 and 72.50.
| SUPPORT | RESISTANCE | |
| LEVEL1 | 66.70 | 68.50-69.00 |
| LEVEL2 | 65.00 | 70.90 |
| LEVEL3 | 63.50-90 | 72.50 |
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