Forex Trading Library

Oil (F) 2018-08-27

By Rami Abu-Draa Last updated Aug 11, 2025

Crude oil managed to sustain drop wave toward targeted zone 64.00-50 in the last 2 weeks

Market anaged to head for fast rebound correction where Intraday Levels showing a chance for trading zone between upport 66.00 and resistance 70.50

Below 66.00 market may head for farther drop movement where support layinf at 64.50

	Support	Resistance
Level 1	67.30	69.80
Level 2	66.00	70.50
Level 3	64.50	71.60

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.

USDJPY 2018-08-27

Gold 2018-08-27