Crude Oil – 18.10.2024
Crude Oil faces pressure as long as the market holds below the first resistance 71.60 whilst targeting toward the 67.20-50 zone.
The support zone of 67.20-50 could push for a rebound correction toward 71.00.
Below 67.00 prices could add more drop movement toward 65.50.
Above 71.60 the market could start to show a chance for a bigger rebound.
| SUPPORT | RESISTANCE | |
| LEVEL1 | 69.25 | 70.75 |
| LEVEL2 | 67.20-50 | 71.60 |
| LEVEL3 | 65.50 | 72.20 |
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