Forex Trading Library

Crude Oil – 16.12.2024

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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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