CRUDE OIL | US OIL
The price dropped under the 52.55 support level and bounced back up to reach the 54.25 resistance level last week. If the price of Crude Oil remains stable below 54.25, we think the increase may be limited and the support levels will be 53.80 and 53.20 respectively. On the other hand, if Crude Oil moves above 54.25, we will face the resistance level at 56.24.
Supports: 53.80 – 53.20 – 52.55
Resistance: 54.25 – 56.24
05 Feb 17 (Sun)
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