As we mentioned last week, Crude Oil broke above the 72.50 resistance level, meeting the target of 74.00 and higher.
The current advance remains intact, with support at 72.00 expected to maintain strength for further gains toward 77.20-77.40 or 78.80, where one of these resistance levels may lead to a corrective drop.
Below 72.00, further declines are expected, with support at 69.50. The first intraday support is around the 75.00 zone.
| SUPPORT | RESISTANCE | |
| LEVEL1 | 75.00 | 77.20-40 |
| LEVEL2 | 73.15 | 78.80 |
| LEVEL3 | 72.00 | 79.80 |
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The post Crude Oil – 07.10.2024 appeared first on Orbex Forex Trading Blog.
