Forex Trading Library

Crude Oil – 04.07.2024

0 7

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

SUPPORT RESISTANCE
LEVEL1 81.95 83.60
LEVEL2 80.00 85.50
LEVEL3 77.50 87.20

Join our responsible trading community - Open your Orbex account now! 

Leave A Reply

Your email address will not be published.