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CRUDE OIL Retains Bear Pressure, Eyes 68.00 Support Zone

CRUDE OIL retains bear pressure with more decline expected towards the 68.00 level. On the downside, support resides at the 67.50 level where a break will expose the 67.00 level. A cut through here will set the stage for a run at the 66.50 level. Further down, support resides at the 66.00 level. Its daily RSI is bearish and pointing lower suggesting further weakness. On the upside, resistance resides at the 69.50 level. Further out, resistance comes in at the 70.00 level. A break above here will aim at the 70.50 level and then the 71.00 level followed by the 71.50 level. All in all, CRUDE OIL remains biased to the downside short term. CRUDE OIL retains bear pressure with more decline expected towards the 68.27 level. Click To Tweet

CRUDE OIL retains bear pressure

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