You can get more details of the analysis description here.
Support and Resistance Levels for August 23 - 24, 2021
Resistance (3) 66.00
Resistance (2) 65.50
Resistance (1) 64.76
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Support (1) 63.92
Support (2) 63.33
Support (3) 62.59
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Trading tip for Crude Oil for August 23 - 24, 2021
Buy above 64.06 (SMA 21), with take profit at 65.62 (2/8), stop loss below 63.50.
Buy if the price breaks 65.62 (2/8), with take profit at 68.75 (4/8), stop loss below 65.00.
Sell if the price pulls back to 65.62 (2/8), with take profit at 62.50 (0/8), stop loss above 67.00.
The material has been provided by InstaForex Company - www.instaforex.com