Forex Trading Library

Crude Oil – 30.05.2024

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As we advised yesterday, Crude Oil hit another rebound correction, which we had anticipated in the last few weeks.

As we look at the chart, if price action remains below the resistance of 81.25, another drop towards 77.50 will be expected.

Above 81.25, more advance toward 84.15 could happen.

SUPPORT RESISTANCE
LEVEL1 77.50 80.40
LEVEL2 75.50 81.25
LEVEL3 73.50 84.15

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