Crude Oil fell below the first support of 76.00 but managed to hold above the second support of 74.20.
As long as the market keeps above 74.20, then another advance wave will be expected with resistances around 75.80 and 77.35-55.
The market managed to hit the first rebound correction toward 75.95 last week.
Below 74.20 more of a drop toward 71.40-80 zone is expected.
| 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 – 19.08.2024 appeared first on Orbex Forex Trading Blog.
