Forex Trading Library

Crude Oil – 18.11.2024

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Crude Oil managed to move back again to test the support of 66.80 and hit a few pips below it, as indicators still show a chance for a rebound correction.

As we see over the chart and as long as the market holds above 66.15, a chance for a rebound toward 69.25 could hit the market.

Below 66.15 more of a drop could hit the market with supports around 64.75 and 63.30.

SUPPORT RESISTANCE
LEVEL1 66.15 67.80-90
LEVEL2 64.75 69.25
LEVEL3 63.30 71.25
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