As previously predicted, Crude Oil dropped below 75.50 and fell further to meet the second target of 73.50.
On the chart, the market faces hitting the uptrend line around the 70.00-50 zone, which could provide a chance for a rebound toward the 76.00-50 zone.
Below 70.00, more of a drop could hit the market with support at 67.70, as intraday levels show support starting from 72.50 and 71.50.
| SUPPORT | RESISTANCE | |
| LEVEL1 | 72.50 | 76.00-50 |
| LEVEL2 | 71.50 | 78.50 |
| LEVEL3 | 70.00 | 80.40 |
|
Join our responsible trading community - Open your Orbex account now! |
