Forex Trading Library

Crude oil –24.08.2026

By Rami Abu-Draa Last updated Aug 24, 2026

Crude Oil managed to test the downtrend line around 87.60 which has so far managed to hold prices.
As we see from the chart, this downtrend resistance could push for a wider drop towards the 67.00-68.00 zone.
Above 87.60 more advance towards the 93.00-95.00 zone is likely.

	SUPPORT	RESISTANCE
LEVEL1	83.50	87.60
LEVEL2	79.45	93.00
LEVEL3	73.60	95.00

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 –24.08.2026

Dow Jones–24.08.2026