Crude Oil Futures: Downtrend Intact or Trend Reversal ?
Support: $64.50 (Recent low and lower Bollinger Band)
Resistance: $67.50 - $68.00 (Near-term resistance, where the price is currently struggling)
If the price fails to hold above $66 and breaks below $64.50, further downside towards $63 may occur.
Watch the Middle Bollinger Band: A close above it often signals further upside. Failing there could point to another leg down or sideways action.