NYMEX Crude Oil Technical Levels

NYMEX LIGHT SWEET CRUDE

RES 4: $61.71/79 23.6% of $56.55 to $78.40, daily high 26 October
RES 3: $61.25 Current top of daily Bollinger band
RES 2: $60.91 Resistance line 28 Sep
RES 1: $60.54/56 Daily highs 17 Oct, 6 Nov

CURRENT LEVEL: 60.00

SUP 1: $59.00/15 5 and 21-day moving averages
SUP 2: $57.22/41 Minor daily support and daily low 12 October
SUP 3: $57.05 Daily low 31 October
SUP 4: $56.55 Daily low 20 October, Current base daily Bollinger band

The market recovered over a declining trend from 9 August, negating the moving average cross, while studies are currently neutral.