Crude Oil was flirting with the 42.55 dollars level on Friday, but failed to breakout that level. The trend remains bearish as Oil was not able to breakout 42.55.
An opening in a bearish gap will send it south to seek 40.26, should it breakout 41.37.
An opening in a bullish gap will send it re-visiting the 42.55 level, which breaking out will send it towards 43.66, with 43.45 as an objective.
The daily Pivot Point is around 42.01. The daily support levels are around 41.26 and 40.62. The daily resistance levels are around 42.65 and 43.4.
An opening in a bearish gap will send it south to seek 40.26, should it breakout 41.37.
An opening in a bullish gap will send it re-visiting the 42.55 level, which breaking out will send it towards 43.66, with 43.45 as an objective.
The daily Pivot Point is around 42.01. The daily support levels are around 41.26 and 40.62. The daily resistance levels are around 42.65 and 43.4.
