Forex Trading Library

Crude Oil –27.02.2025

Technical Analysis
By Rami Abu-Draa
Crude Oil –27.02.2025
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Crude Oil yesterday met the target of 68.35 before the market hit a rebound.

If prices hold above 68.35, a rebound correction toward 70.15 could hit the market.

Below 68.35 more of a drop toward 66.15-50 is likely.

SUPPORT RESISTANCE
LEVEL1 68.35 70.15
LEVEL2 66.15-50 71.20
LEVEL3 64.75 73.05

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Rami Abu-Draa

Head of Technical Analysis at Orbex, Rami Abu Draa
holds a bachelor's degree in Banking, Finance and Economics. A professional trader and mentor with over 10 years of industry experience, Rami is passionate about sharing his knowledge with Orbex clients from basic to advanced concepts of Technical Analysis, Investment psychology and Investment/Trading methodologies. He is able to combine fundamental and technical principles to deliver a unique perspective on the markets that enables Orbex traders to identify high-probability trading opportunities.

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