Forex Trading Library

Crude Oil – 29.05.2024

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Crude Oil hit another rebound correction, as anticipated in the last few weeks.

On the chart, the market is closing in on the 81.00-25 resistance zone, and if prices remain below this resistance, then another drop towards 77.50 will be expected.

Above 81.25, more advancement towards 84.15 could hit the market.

SUPPORT RESISTANCE
LEVEL1 79.40 80.40
LEVEL2 77.50 81.25
LEVEL3 75.50 84.15

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