Crude Oil –04.05.2026

Crude Oil –04.05.2026

 

Crude Oil managed to met targets 106.00 and 108.35 and dropped toward the support of 96.90 before rebounding.
As we see over the chart, the market is facing the chance for a drop with support at 96.90 could lead to another rebound.
Above 108.35 more advance toward 120.00 could hit the market.
Below 96.90 more of a drop toward 87.00-85.00 zone is likely.

SUPPORT RESISTANCE
LEVEL1 96.90 108.35
LEVEL2 92.15 112.50
LEVEL3 87.00-85.00 115.75

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