Technical Analysis: Crude Oil - Wednesday, Oct. 1

Crude Oil fell below 63.20-80 which could push for a further drop to test the support trend at 61.60-62.00 yesterday.

Crude Oil –01.10.2025


Crude Oil fell below 63.20-80 which could push for a further drop to test the support trend at 61.60-62.00 yesterday.

As long as the market holds above the mentioned support, a rebound could hit the market with resistances at 64.45 and 66.00-30.

Below 61.60, this could create more pressure over the market towards the 59.50 zone.

  SUPPORT RESISTANCE
LEVEL1 61.60-62.00 64.45
LEVEL2 59.50 66.30
LEVEL3 57.60 67.20

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