Oil hit a high around 64.10 and dropped to close in again to the support zone of 59.50-90.
As we see over the chart, prices face resistance around 64.80 and support around 59.50-90 which could keep the market inside this trading zone.
Above 64.80 price action could advance with a target towards 66.90.
Below 59.50 more of a drop will be expected with supports around 57.60 and 55.20.
| SUPPORT | RESISTANCE | |
| LEVEL1 | 59.50-90 | 62.10 |
| LEVEL2 | 57.60 | 64.10 |
| LEVEL3 | 55.20 | 64.80 |
The post Crude Oil – 28.05.2025 appeared first on Orbex Forex Trading Blog.