Crude Oil – 16.12.2024
While the market is still holding the expected trading zone between support 66.15 and resistance 72.00-50, prices yesterday and today printed above the resistance 70.15 which could be signal for another advance toward 72.00-50.
As we see over the chart, prices face support around 68.75. If the market holds above it, the advance wave will sustain toward the 72.00-50 zone.
Below 68.75 more of a drop will be expected with supports around 67.55 and 66.15.
| SUPPORT | RESISTANCE | |
| LEVEL1 | 68.75 | 72.00-50 |
| LEVEL2 | 67.55 | 74.15 |
| LEVEL3 | 66.15 | 75.25 |
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