Forex Trading Library

Oil (F) 2018-07-26

By رامي أبو دراع Last updated Oct 31, 2021

As we advised in the last 2 weeks and after Crude Oil broke below support 72.00-20

We still holding same view for the Oil that as long as market holding trades below 72.00-20 a bigger drop wave will be expected toward 64.00-50 zone

Intraday Levels managed to jump above resistance at 69.25 which may drive more rebound as market now facing resistance at 71.65 and 72.20

	Support	Resistance
Level 1	68.20	70.00
Level 2	67.50	70.80
Level 3	66.30	71.65

رامي أبو دراع

Head of Technical Analysis at Orbex, Rami Abu Draa
holds a bachelor's degree in Banking, Finance and Economics. A professional trader and mentor with over 10 years of industry experience, Rami is passionate about sharing his knowledge with Orbex clients from basic to advanced concepts of Technical Analysis, Investment psychology and Investment/Trading methodologies. He is able to combine fundamental and technical principles to deliver a unique perspective on the markets that enables Orbex traders to identify high-probability trading opportunities.

USDJPY 2018-07-26

Gold 2018-07-26