Forex Trading Library

Crude Oil – 06.08.2024

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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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