Forex Trading Library

Oil (F) 2018-03-22

By Rami Abu-Draa Last updated Oct 31, 2021

Crude Oil managed to sustain advance wave after broke above resistance 62.60-70 where market managed yesterday to hit target 65.00 zone

Market still have some room for more advance as market facing resistance zone at 66.20-60

As long as market keep holding trades below this resistanec 66.20-60 another drop wave with trading zone is expected toward 63.60

Above 66.65 more advance toward 68.00 will be expected

	Support	Resistance
Level 1	64.50	66.20-60
Level 2	63.60	68.00
Level 3	62.50	69.60

Rami Abu-Draa

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.

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