Forex Trading Library

Crude Oil – 04.07.2024

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Crude Oil met the target of the 83.00-60 zone and retreated as expected.

Should prices remain below 83.60, a correction could hit the market with support at 80.00.

Above 83.60, the market could head for a further advance toward 85.50.

Below 80.00, more of a drop toward 77.50 is likely.

Intraday levels show the chance for trading zone between support 80.00 and resistance 83.60

LEVEL1 81.95 83.60
LEVEL2 80.00 85.50
LEVEL3 77.50 87.20

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