Forex Trading Library

Crude Oil – 11.12.2024

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

As long as the market keeps holding below the resistance of 70.15, a chance for a further drop could hit the market with support at 66.15.

Prices retreated toward 66.80.

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 70.15
LEVEL2 64.75 72.00-50
LEVEL3 63.30 74.15

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