Forex Trading Library

Crude Oil – 18.10.2024

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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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