Forex Trading Library

Crude Oil –06.01.2025

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As we advised last week and as we see over our previous chart

Crude Oil managed to break above the resistance of 72.50 while the market still marching up toward the target of 75.25

As we see over the chart, the market is facing support around 70.90 where as long as the market keeps holding trades above it the advance wave may sustain toward the target of 75.25

Below 70.90 more drop toward 68.35 may hit the market

First Intraday support laying at 72.00-20 zone

SUPPORT RESISTANCE
LEVEL1 72.00-20 73.85
LEVEL2 70.90 75.25
LEVEL3 68.35 76.00-20

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