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.
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 |
More By This Author:
Intraday Analysis - Wednesday, Oct. 1Sell-Off Continues As Oil Loses $4
Intraday Analysis - Tuesday, Sep. 30
Disclaimer: Orbex LIMITED is a fully licensed and Regulated Cyprus Investment Firm (CIF) governed and supervised by the Cyprus Securities and Exchange Commission (CySEC) (License Number ...
more
How did you like this article? Let us know so we can better customize your reading experience.
Comments
Leave a comment to automatically be entered into
our contest to win a free Echo Show.
