Crude Oil broke below 71.15 two days ago and dropped toward the target of 68.80.
As we see on the chart, prices face resistance around 71.50-72.50 which could keep the pressure on the market for another dip towards the 67.00-70 zone.
Above 72.50, prices could re-gain strength for an advance toward 75.80 and 77.00.
Below 66.80 more of a drop will be expected toward 65.00 and 64.00.
| SUPPORT | RESISTANCE | |
| LEVEL1 | 67.00-70 | 71.50-72.50 |
| LEVEL2 | 65.00 | 73.80 |
| LEVEL3 | 63.90 | 75.80 |
|
Join our responsible trading community - Open your Orbex account now! |
![Credit Card 160×600 [EN]](https://assets.iorbex.com/blog/wp-content/uploads/2023/06/13144507/Blog-Banner_EN-Banner_160X600X2.webp)
