Forex Trading Library

Crude Oil –04.04.2025

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Crude Oil start free fall after US trade war begun

As we see over the Daily Chart, market still facing drop pressure despite that market trading inside oversold zone now

As long as market keep holding trades below 65.05-50 resistance zone more drop to test 57.20-5 support will be expected which in turn may activate some rebound correction movement

Above 65.50 more advance toward 70.00 levels will be expected

SUPPORT RESISTANCE
LEVEL1 62.20-70 60.60
LEVEL2 65.05-50 58.20
LEVEL3 66.90 57.20

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