Oil Support and Resistance Levels
Oil trend bearish key levels to watch for
Immeadiate support 67 area if voilates downside 65 to 62 area will open ,in case of rejection it will consolidate in range of 67 to 70 bracket.
Immeadiate resistance is 69 if sustains above it will test 70 to 71.50 - 72 area above and in case of rejection on resistance short till immeadiate support 67 and lower levels marked on chart.
Immeadiate support 67 area if voilates downside 65 to 62 area will open ,in case of rejection it will consolidate in range of 67 to 70 bracket.
Immeadiate resistance is 69 if sustains above it will test 70 to 71.50 - 72 area above and in case of rejection on resistance short till immeadiate support 67 and lower levels marked on chart.
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15 Mins chart for reference.
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still in range 69 above and 67 below a 2 points range consolidating .
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Support voilated
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67 area now acts as resistance it is a previous support.
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67 area rejected
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Higher time frame support area held
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