Crude Oil broke above the 72.50 resistance level yesterday and reached the 74.00 target.
As seen on the chart, Oil continues its upward momentum, with support at 72.00 likely to sustain the advance toward the 77.20-40 or 78.80 resistance levels, where a correction may occur.
A break below 72.00 could trigger further declines, with support found at 69.50.
| SUPPORT | RESISTANCE | |
| LEVEL1 | 73.15 | 75.15 |
| LEVEL2 | 72.00 | 77.20-40 |
| LEVEL3 | 69.50 | 78.80 |
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The post Crude Oil – 04.10.2024 appeared first on Orbex Forex Trading Blog.
