Forex Trading Library

Crude Oil –07.02.2025

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

We still holding our previous model as we advised last week

Crude Oil still under drop pressure toward target 68.35

We adjusted the key resistance level to be around 74.30-60 where as long as market keep holding trades below it the drop pressure will sustain

Above 74.60 more advance will be expected

first Intraday resistance laying at 72.90

SUPPORT RESISTANCE
LEVEL1 70.50 72.90
LEVEL2 68.35 74.30-60
LEVEL3 66.60 76.40

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