Forex Trading Library

Crude Oil –08.09.2026

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Crude Oil broke above 91.10 as expected as war escalates in the Middle East.
As we see over the chart, the market is facing supports at 89.85 and 87.00. If prices remain above one of those supports, the advance wave will sustain towards the second target at the 93.00-95.00 zone.
This resistance zone of 93.00-95.00 could lead to a correction.

SUPPORT RESISTANCE
LEVEL1 89.85 93.00-95.00
LEVEL2 87.00 99.00
LEVEL3 82.50 104.50
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