Forex Trading Library

Oil (F) 2018-06-08

Technical Analysis

By Rami Abu-Draa Last updated Oct 31, 2021

As we advised yesterday and as we see over our previous chart

Intraday start to show ability for rebound correction to test 67.80 zone if market managed to hold trades above 64.20

Below 64.20 risk for more drop toward 62.00 may hit the market

	Support	Resistance
Level 1	64.20	66.15
Level 2	63.10	67.80
Level 3	62.00	68.50

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.

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