Update: Crude oil price faces solid resistance

Crude oil price managed to touch our first positive target at 82.60 and finds solid resistance there, and failied to return to the bullish channel, as it bounced downwards strongly to hint the return of the correctional bearish pressure, on its way to visit 79.85 again, noting that breaking this level will push the price to 76.40 areas on the near term basis, while breaching 82.60 will lead the price to achieve additional gains that reach 84.45.