Crude Oil held above the support of 66.15 and rebounded toward the targets 69.25 and 71.25.
Prices hit a correction toward 68.50 and if prices remain above 68.50, more rebound will be expected with the target and resistance zone at 72.00-50.
Above 72.50 more advance toward 74.20 will be expected.
Below 68.50 more of a drop will be expected with support around 66.15.
SUPPORT | RESISTANCE | |
LEVEL1 | 68.50 | 69.60 |
LEVEL2 | 66.15 | 70.25 |
LEVEL3 | 64.75 | 71.35 |
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The post Crude Oil – 26.11.2024 appeared first on Orbex Forex Trading Blog.