CRUDE OIL was closed on Friday at below weekly resistance levels after testing the high levels of $ 83.10 in the weekly trading session as WTI crude futures fell to around $80.6 per barrel on Friday, sliding for the third straight session as the possibility of a ceasefire in Gaza, which could allay supply concerns, weighed on oil prices.
Right now #CrudeOil# OIL is held around $ 80.80. If it comes below the level of 80 then it can test the level of 79, 78 & 76 as well.
On the other side if it sustains above the level of 81.50 then it can retest the level of 82, 83 & 85 as well.
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