Forex Trading Library

Oil (F) 2018-04-18

By Rami Abu-Draa Last updated Oct 31, 2021

Crude oil managed to sustain Short-Run uptrend which still target 75.00 zone

Intraday Levels showing resistance around 68.50-70 zone which may hold this uptrend channnel for drop correction toward 63.50-60 zone

above 68.70 market may head for farther advance toward 70.00 zone

	Support	Resistance
Level 1	67.00	68.50-70
Level 2	65.60	70.00
Level 3	63.50-60	71.20

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.

USDJPY 2018-04-18

Gold 2018-04-18