Technical Analysis: Crude Oil - Monday, Oct. 20

Leading FX Broker • Oct 20, 2025 at 9:50 AM EDT

Crude fell below the support of 57.60, which could lead to a drop towards 55.00-30.

Crude Oil – 20.10.2025

Crude fell below the support of 57.60, which could lead to a drop towards 55.00-30.

As we see over the Intraday chart, prices face a downtrend channel with resistance at 57.60, while support at 55.00-30 could create a trading zone.

Below 55.00 more of a drop will be expected as the market targets the 50.00-50 zone.

Above 57.60 more advance will be expected with resistance at 60.25-50.

SUPPORT	RESISTANCE
LEVEL1	55.00-30	57.60
LEVEL2	52.60	60.25-60
LEVEL3	50.00-50	62.60

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