Crude Oil managed to meet the target of 76.00-50 as we previously predicted.
As we see on the chart the market is still holding above the support 76.00 despite the market hitting a few pips below it last week. If prices keep holding above this level, then a chance for rebound toward the resistance of 79.20 is likely.
Prices managed to rebound toward 78.20 so far.
Below 75.75, more of a drop could hit Oil prices towards the 72.45-95 zone.
| SUPPORT | RESISTANCE | |
| LEVEL1 | 75.75 | 78.50-79.20 |
| LEVEL2 | 72.45-95 | 82.20 |
| LEVEL3 | 68.20 | 83.60 |
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The post Crude Oil – 29.07.2024 appeared first on Orbex Forex Trading Blog.
