Forex Trading Library

Crude Oil – 03.06.2024

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Crude Oil fell below 77.00, which could continue the current downtrend pressure.

As we can see from the chart, the market is facing support at around 75.50, with resistance at 77.40 and 78.50, which could create a trading zone.

Above 78.50, a move higher will be expected, with resistance at 81.00-25.

Below 75.50, a drop will be expected toward 73.50 and below.

LEVEL1 75.50 77.40
LEVEL2 73.50 78.50
LEVEL3 71.45 81.00-25

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