Forex Trading Library

Crude Oil – 16.01.2025

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Crude Oil advanced yesterday to hit the second target zone of 79.20.

As we see over the chart, the market is facing a chance for a drop correction toward the support of 76.40 which could push again for another advance.

Below 76.40 more of a drop will be expected with support around 74.75.

Above 79.60 more advance will be expected with resistance around 82.20.

SUPPORT RESISTANCE
LEVEL1 76.40 79.20-60
LEVEL2 74.75 82.20
LEVEL3 72.30 83.90

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