Forex Trading Library

Crude Oil – 16.10.2024

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Crude Oil faces pressure as prices keep holding below the first resistance of 71.60 whilst targeting toward the 67.20-50 zone.

This support zone 67.20-50 could push for rebound toward 71.00.

Below 67.00 more of a drop toward 65.50 could hit the market.

SUPPORT RESISTANCE
LEVEL1 69.25 70.75
LEVEL2 67.20 71.60
LEVEL3 65.50 72.20

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