Forex Trading Library

Crude Oil –14.04.2025

Technical Analysis

By Rami Abu-Draa On Apr 14, 2025

Crude Oil is facing resistance around 63.60-65.10 which prices tested last week before dropping towards 54.90.

As long as this resistance zone 63.60-65.10 holds, the bearish wave could sustain toward the 50.00-50 zone.

Above 65.10 more advance will be expected toward 69.80.

	SUPPORT	RESISTANCE
LEVEL1	58.40	61.90
LEVEL2	56.15	63.60
LEVEL3	54.85	65.10

Crude Oil WTI

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.

USD/JPY –14.04.2025

Gold–14.04.2025