Forex Trading Library

Crude Oil – 31.05.2024

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Crude Oil saw another move lower as we mentioned recently as prices met the 77.50 target today.

As seen on the chart, Intraday levels show the first support around 77.00, while trend support remains around 75.50 and could provide another rebound.

Below 75.50, more of a drop towards 73.50 could hit the market.

SUPPORT RESISTANCE
LEVEL1 77.00 79.25
LEVEL2 75.50 80.40
LEVEL3 73.50 81.25

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