The Crude Oil Price showed an upward movement and moved up above the key level of 57.98. If the price stays above 57.98, on a four hourly basis, the upward movement may gain more power and we will follow 58.95 as the 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
Resistance : 58.95 - 60.20
05 Dec 19 (Thu)