Crude Oil still holds the trading zone between support 66.15 and resistance 72.00-50.
If prices remain below the resistance of 70.15, a chance for a further drop could happen with support at 66.15.
The market managed to retreat toward 67.30 so far.
Above 70.15, the market could sustain an advance to test the 72.00-50 resistance zone.
Below 66.15 more of a drop could hit the market with support around 64.75.
| SUPPORT | RESISTANCE | |
| LEVEL1 | 66.15 | 68.90 |
| LEVEL2 | 64.75 | 70.15 |
| LEVEL3 | 63.30 | 72.00-50 |
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The post Crude Oil –06.12.2024 appeared first on Orbex Forex Trading Blog.
