The Crude Oil Price showed a downward movement yesterday as the threat of escalating retaliation attacks in the Middle East appears to have disappeared.
The Crude Oil Price is trading just above the main support level of 57.98. If the price stays above 57.98, on a four hourly basis, the fall may pause and we will follow 58.95 as the daily resistance level. On the other hand, if the price drops below 57.98, the key support level can be seen at 56.40.
Support : 57.98 - 56.40 - 54.68
Resistance : 58.95 - 60.20 - 63.01
14 Jan 20 (Tue)
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