Forex Trading Library

Crude Oil –06.12.2024

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Crude Oil still holds the trading zone between support 66.15 and resistance 72.00-50.

If prices remain below the resistance of 70.15, a chance for a further drop could happen with support at 66.15.

The market managed to retreat toward 67.30 so far.

Above 70.15, the market could sustain an advance to test the 72.00-50 resistance zone.

Below 66.15 more of a drop could hit the market with support around 64.75.

SUPPORT RESISTANCE
LEVEL1 66.15 68.90
LEVEL2 64.75 70.15
LEVEL3 63.30 72.00-50

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