We have mentioned that Crude Oil Price will move up and test 61.80 62.30and 62.88 after closing above 61.40. You can read the idea :

Crude Oil Consolidation Zone and Black Swan Formation

Crude Oil price ended the week at 62.03.

On the H4 Chart, Crude Oil price is above EMA 50 and EMA 100.

The first target of the price is 62.50.

Breakout and close above 62.50 will confirm the continuation of the Bullish move. 62.88 will be tested.

The main resistance is located @ 63.22

We may see a retracement of 30-40 pips at 62.88 before 63.22.

Conclusion:

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Source: http://chartreaderpro.com/crude-oil-technical-analysis-key-levels/

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