Crude Oil Technical Analysis 25 May 2022
Crude Oil declined 1.16% against the USD on Tuesday and closed at 109.50. Today in the Asian session, while Crude Oil technical Analysis 25 May 2022, is preparing at 5:45 GMT, the Crude Oil is trading at 109.60, which is 0.09% higher than Yesterday’s close.
The pair is expected to find support at 108.50 and a fall through could take it to the next support level of 108.00 The pair is expected to find its first resistance at 110.70 and a rise through could take it to the next resistance level of 111.20. Today’s expected trading range is between 103.00 support and 113.10 resistance.
The expected trend for today is Bullish
Important support levels:
Support 1: 108.50
Support 2: 108.00
Support 3: 103.00
Important resistance levels:
Resistance 1: 110.70
Resistance 2: 111.20
Resistance 3: 113.10