Crude Oil – 20.08.2024

Crude Oil – 20.08.2024

Crude Oil managed to fall below 74.20 and managed to drop further toward 72.45.

As we see on the chart, the prices still show a support trend around 71.50-99 where as long as the market holds above it, another advance wave toward 80.50 will be expected.

Below 71.15 more of a drop could hit the market with support at 68.80.

Intraday resistances are at 74.20 and 75.80.

SUPPORT RESISTANCE
LEVEL1 71.50-99 74.20
LEVEL2 70.00 75.80
LEVEL3 68.80 77.35

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