The Crude Oil Price has extended gains yesterday and it is now trading above the key support level of 57.98. As long as the price stays above 57.98, on a four hourly basis, the rise may gain more momentum and we will see 58.95 as a daily resistance level. On the other hand, if the price drops below 57.98, the key support level can be seen at 56.40.
Support : 57.98 - 56.40 - 54.68 - 53.51
Resistance : 58.95 - 60.20
10 Sep 19 (Tue)
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