Forex Trading Library

Crude Oil – 05.07.2024

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Crude Oil managed to meet the target of 83.00-60 zone and retreated as expected.

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

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

Below 80.00, more of a drop toward 77.50 will be expected.

Intraday levels show a chance for the 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

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