As projected earlier this week and as seen on our previous chart, Crude Oil managed to sustain an advance on escalating risk in the Red Sea.
Intraday levels show the first support at around the 80.00 zone. If prices remain above this support, the advance movement could push towards the 83.60-84.20 resistance zone.
The market managed to re-test the support level of 80.00 a few days ago.
Below 80.00, prices could head for a further drop toward the 77.50 zone.
| SUPPORT | RESISTANCE | |
| LEVEL1 | 80.80 | 82.60 |
| LEVEL2 | 80.00 | 83.60-84.20 |
| LEVEL3 | 77.40 | 85.50 |
|
Join our responsible trading community - Open your Orbex account now! |
![Credit Card 160×600 [EN]](https://assets.iorbex.com/blog/wp-content/uploads/2023/06/13144507/Blog-Banner_EN-Banner_160X600X2.webp)
