Crude Oil – 23.08.2024
![Crude Oil – 23.08.2024](https://assets.iorbex.com/blog/wp-content/uploads/2024/08/23153258/oil-chart-23.08.2024-750x430.png)
Crude Oil managed to fall below 74.20 and dropped further to re-test the support zone of 71.50-99 yesterday.
As we see on the chart, the support trend is around 71.50-99. if prices hold 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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