During the trading hours yesterday, the March Crude Oil futures raised their value from 49.85 USD to 52.80 USD per barrel. This morning they are trading at 51.65-52.60 USD.
According to the analysis of Trading212, if Crude Oil futures break the resistance levels at 52.00-52.75 USD, the aim will be reaching and testing the zone 54.05-54.70 USD. If it is successful, the upward trend will continue to 55.60-56.60 USD. If the Crude Oil futures drop below the support levels at 51.60-51.00 USD, they will try to find a next support at 49.90-49.10 USD. In case of breaking down, the downward trend will continue to 48.20-47.10 USD.
Source: http://www.trading212.com/en/Financial-Analyses/2015-02-20/
