Crude Oil Technical Analysis July 7, 2022
Crude Oil declined 2.97% against the USD on Wednesday and closed at 95.77. Today in the European session, while Crude Oil technical Analysis 31 May 2022, is preparing at 5:15 GMT, the Crude Oil is trading at 96.33, which is 0.61% higher than Yesterday’s close.
The pair is expected to find support at 93.27 and a fall through could take it to the next support level of 92.60 The pair is expected to find its first resistance at 99.50 and a rise through could take it to the next resistance level of 100.00. Today’s expected trading range is between 89.50 support and 102.80 resistance.
The expected trend for today is Bullish
Important support levels:
Support 1: 93.27
Support 2: 92.60
Support 3: 89.50
Important resistance levels:
Resistance 1: 99.50
Resistance 2: 100.00
Resistance 3: 102.80