Technical Analysis: Crude Oil - Wednesday, Oct. 22

Crude Oil broke above the resistance at 57.60 which could push for an advance.

Crude Oil – 22.10.2025


Crude Oil broke above the resistance at 57.60 which could push for an advance.

As we see over the Intraday chart, the market is facing a support zone at 56.70-90. If prices remain above the mentioned support zone, more advance toward 59.80-60.25 will be expected.

Below 56.70, the downtrend pressure could return.

  SUPPORT RESISTANCE
LEVEL1 56.70-90 58.70
LEVEL2 55.00-30 59.80-60.25
LEVEL3 52.50 62.55

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