Forex Trading Library

Crude Oil – 07.06.2024

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Crude Oil hit a rebound correction before testing the support trend at 70.00-50.

As we can see from the chart, the market is closing in on the resistance zone of 76.00-50. If prices are below the said area, there is a chance for another drop toward 70.00-50, which could hit the market.

Above 76.50, more of an advance will be expected, with resistance around 80.40.

 

SUPPORT RESISTANCE
LEVEL1 75.00 76.00-50
LEVEL2 73.80 78.50
LEVEL3 72.50 80.40

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