Forex Trading Library

Crude Oil –04.09.2025

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Crude Oil dropped before testing the resistance at 66.15.
As we see over the chart, the market remained pressured back towards 59.50.
As we see over the Intraday chart, as long as the market holds below 65.00-20, this drop swing scenario could occur.
Prices face supports at 62.80 and 61.50.
Above 65.20 the market could add more advance to test the resistance zone at 66.15-67.25.

 

SUPPORT RESISTANCE
LEVEL1 62.80 65.00-20
LEVEL2 61.50 66.15
LEVEL3 59.50 67.25
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