Crude oil closed below a key support level of 3715 on its daily chart. If crude is unable to sustain prices above 3715, then the next major support level is seen around 3520. The technical analysis provides a bearish outlook on crude oil prices over the short-term if it remains below 3715 support.

1. 02 JULY 15

2. PIVOT TABLE
TECHNICAL VIEW
CRUDE
COMMODITIES S1 S2 S3 R1 R2 R3
GOLD 26380 26250 26100 26500 26620 26710
SILVER 35270 35000 34700 35950 36300 36610
CRUDE 3630 3600 3565 3665 3690 3715
COPPER 372.50 370.35 368.45 375.65 377.30 379.20
Crude on its daily chart closed below its support level of 3715, now if it sustain below it then next
support is seen around 3520.

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