12:43, 24 февраля
Oil prices are falling harshly as coronavirus spreads. This selling pressure would be continues until the virus decreases.
We follow 56.00 level as a support level for oil prices in short term. If the oil prices break this level, then the selling pressure would be accelerated.
Resistance levels : 56.60 – 57.20 – 57.70
Support levels : 56.00 - 55.10 – 53.90