Crude Oil fell as President Donald Trump signalled the Iran war may be nearing an end.
Crude Oil fell as President Donald Trump signalled the Iran war may be nearing an end.
As we see over the Intraday chart, the market is facing a support trend around the 80.00-81.00 zone, which prices managed to test yesterday.
As long as the market remains above this support, a rebound could hit the market towards 93.30 and 101.50.
Below the 80.00 zone, more of a drop towards 73.80 is likely.
SUPPORT | RESISTANCE | |
LEVEL1 | 85.00 | 89.50 |
LEVEL2 | 80.00 | 93.30-94.50 |
LEVEL3 | 76.00 | 101.50 |
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