Crude Oil managed to meet the target of 76.00-50 as previously predicted.
As we see on the chart the market still holding above the support 76.00 despite that the market printed a few pips below it yesterday. If prices remain above this level a chance for rebound correction toward resistance 79.20 could hit the market.
Below 76.00 more of a drop could hit the Oil toward the 72.45-95 zone.
SUPPORT | RESISTANCE | |
LEVEL1 | 76.00 | 78.50-79.20 |
LEVEL2 | 72.45-95 | 82.20 |
LEVEL3 | 68.20 | 83.60 |
Join our responsible trading community - Open your Orbex account now! |