Crude Oil Technical Analysis May 6, 2022
Crude Oil rose 0.85% against the USD on Thursday and closed at 107.43. Today in the Asian session, while Crude Oil technical Analysis May 6, 2022, is preparing at 3:45 GMT, the Crude Oil is trading at 108.80, which is 1.30% higher from Yesterday’s close.
The pair is expected to find support at 105.50 and a fall through could take it to the next support level of 104.75 The pair is expected to find its first resistance at 110.20 and a rise through could take it to the next resistance level of 111.50. Today’s expected trading range is between 101.30 support and 113.00 resistance.
The expected trend for today is Bullish
Important support levels:
Support 1: 105.50
Support 2: 104.75
Support 3: 101.30
Important resistance levels:
Resistance 1: 110.20
Resistance 2: 111.50
Resistance 3: 113.00