Forex Trading Library

Crude Oil – 08.10.2024

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Crude Oil met its target in the 77.20-40 range before a quick corrective drop.

The chart indicates a support zone around 73.25-74.00, which may encourage another advance toward 77.20-40 and possibly 78.80.

A drop below 73.00 could test the 72.00-20 support zone, potentially activating another upward wave.

SUPPORT RESISTANCE
LEVEL1 73.25-74.00 75.70
LEVEL2 72.00-20 77.20-40
LEVEL3 70.000 78.80

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