Crude Oil Technical Analysis August 20, 2021
Crude Oil declined 1.35% against the USD on Thursday and closed at 69.50. Today in the Asian session, while Crude Oil technical Analysis August 20, 2021 is preparing at 5:45 GMT, the Crude Oil trading at 63.00, which is 0.77% lower from Yesterday’s close.
The pair is expected to find support at 63.30 and a fall through could take it to the next support level of 62.00 The pair is expected to find its first resistance at 62.35 and a rise through could take it to the next resistance level of 61.50. Today’s expected trading range is between 61.55 support and 65.50 resistance.
The expected trend for today is Bearish
Important support levels:
Support 1: 63.30
Support 2: 62.00
Support 3: 61.55
Important resistance levels:
Resistance 1: 63.90
Resistance 2: 65.00
Resistance 3: 65.50