Forex Trading Library

Crude Oil – 09.07.2024

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Crude Oil failed for the second time to obtain a Daily close above resistance 83.60 while maintained trades below the downtrend line as seen on the chart.
This action could push for a correction with supports starting from the 80.00 levels which could push again for another advance to break above 83.60.
Below 80.00 more of a drop toward 77.50 will be expected with the main support at the 76.00-50 zone.
A daily close above 83.60 could activate an advance toward 87.20.

LEVEL1 80.00 83.60
LEVEL2 77.50 85.50
LEVEL3 76.00 87.20

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