Crude Oil held above the support of 76.00 while managing to pass above the resistance at 92.35.
Crude Oil held above the support of 76.00 while managing to pass above the resistance at 92.35.
As we see over the chart, the market is facing a trading zone between support 87.00-85.00 and resistance 99.00 as the advance could continue if the Strait of Hormuz remains closed.
Below 85.00 more of a drop could hit the market with supports at 79.00 and 76.00 as the market could move higher.
SUPPORT | RESISTANCE | |
LEVEL1 | 87.00-85.00 | 99.00 |
LEVEL2 | 79.00 | 106.00 |
LEVEL3 | 76.00 | 108.35 |
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