Crude Oil managed to fall below 74.20 and dropped further to re-test the support zone of 71.50-99 yesterday.
As we see on the chart, the support trend is around 71.50-99. if prices hold above it, another advance wave toward 80.50 will be expected.
Below 71.15 more of a drop could hit the market with support at 68.80.
Intraday resistances are at 74.20 and 75.80.
| SUPPORT | RESISTANCE | |
| LEVEL1 | 71.50-99 | 74.20 |
| LEVEL2 | 70.00 | 75.80 |
| LEVEL3 | 68.80 | 77.35 |
|
Join our responsible trading community – Open your Orbex account now! |
The post Crude Oil – 23.08.2024 appeared first on Orbex Forex Trading Blog.
