Crude Oil held below the resistance of 59.90-60.25 and closed towards the target and support zone of 54.90, printing a 55.20 low.
As long as the market remains below 59.90-60.25, the pressure could sustain over the market for another drop swing to try to break below 54.90.
Above 60.25 more advance will be expected with resistances around 61.50 and 63.50.
| SUPPORT | RESISTANCE | |
| LEVEL1 | 56.30 | 59.90-60.25 |
| LEVEL2 | 54.90 | 61.50 |
| LEVEL3 | 51.65 | 63.50 |
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The post Crude Oil –06.05.2025 appeared first on Orbex Forex Trading Blog.