Crude Oil Futures Technical Analysis

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Oil should find a bottom around this support zone between $67.05 and $72.26 a barrel. If it does and starts to rally higher, there is major resistance at the $72.26 level. If this level is broken, the next resistance level is around $81.50, with substantial resistance up at $93.74 per barrel. If Oil can break the $93.74 level, it will likely make a run back to the highs.