Crude Oil – 16.01.2025
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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