Technical Analysis: Crude Oil - Tuesday, May 19

Leading FX Broker • May 19, 2026 at 7:10 AM EDT

Crude Oil broke resistance at 96.90, signaling a potential advance toward the 106.00-108.35 target range.

Crude Oil managed to pass above the resistance of 96.90 which could push for an advance towards the target of 106.00-108.35.
Prices are facing support around 93.90 where as long as the market holds above it, more advance will be expected.
Prices managed to test the resistance of 101.25 today.
Below 93.90, the market could begin to show some weakness which could push for a further drop with support at the 84.20-85.20 zone.

	SUPPORT	RESISTANCE
LEVEL1	95.75	101.25
LEVEL2	93.90	104.50
LEVEL3	87.30	106.50

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