What counts as support
For Crude Oil, support should be treated as a zone where buyers have previously defended price, not a single exact number. The best support areas are usually confirmed by repeated reactions, trend structure, and broader context.
What counts as resistance
Resistance is the area where upside momentum repeatedly stalls or where traders are more willing to reduce risk. If price pushes cleanly through a resistance zone, that area can later flip into support.
Best validation signals
- Multiple reactions near the same zone
- Strong candle response when the level is tested
- Confluence with the dominant catalysts: OPEC signaling, global demand expectations
Common mistake
The most common mistake is forcing precision where the market only offers zones. Traders should respect range-based behavior and confirm with live price action on the chart before acting.