Crude Oil again tested the resistance zone of 59.70-60.25 and fell toward 57.50 so far.
As we see over the chart, a trading zone between support 56.50 and resistance 59.70-60.25 could control the market.
Above 60.25 more advance toward 63.50 will be expected.
Below 56.50 more of a drop is likely with support around 54.90.
| SUPPORT | RESISTANCE | |
| LEVEL1 | 57.50 | 59.70-60.25 |
| LEVEL2 | 56.50 | 61.50 |
| LEVEL3 | 54.90 | 63.50 |
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The post Crude Oil –08.05.2025 appeared first on Orbex Forex Trading Blog.