Crude Oil managed to fall below the first support of 76.00 as prices dropped but still held above the second support of 74.20.
If prices remain above 74.20, another advance wave will be expected with resistances around 75.80 and 77.35-55.
Below 74.20 more of a drop toward the 71.40-80 zone could occur.
| SUPPORT | RESISTANCE | |
| LEVEL1 | 74.20 | 75.80 |
| LEVEL2 | 71.40-80 | 77.35-55 |
| LEVEL3 | 68.80 | 78.80 |
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The post Crude Oil – 16.08.2024 appeared first on Orbex Forex Trading Blog.
