Crude Oil – 06.08.2024
![Crude Oil – 06.08.2024](https://assets.iorbex.com/blog/wp-content/uploads/2024/08/06160314/oil-chart-06.08.2024-750x430.png)
Crude Oil managed to meet the target of 72.45 and managed to sustain a daily close above so far.
As we see on the daily chart, as long as market keep holding the daily close above 72.45, the chance for a rebound toward 74.25 and 78.25 will be expected.
A close below 72.45 could give the chance for a drop with supports at 67.70 and 64.50.
SUPPORT | RESISTANCE | |
LEVEL1 | 72.45 | 74.25 |
LEVEL2 | 71.20 | 78.25 |
LEVEL3 | 68.20 | 80.20 |
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