Forex Trading Library

Crude Oil – 10.06.2024

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Our previous chart shows that Crude Oil rebounded before testing the support trend at 70.00-50.

The market is closing in on the resistance zone at 76.00-50, where if prices hold below, a chance for another drop towards 70.00-50 could happen.

Above 76.50, more 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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