Crude Oil Technical Analysis July 18, 2022
Crude Oil rose 1.19% against the USD on Friday and closed at 94.50. Today in the European session, while the Crude Oil technical Analysis July 18, 2022, is preparing at 5:15 GMT, the Crude Oil is trading at 96.40, which is 2.00% higher than Yesterday’s close.
The pair is expected to find support at 92.80 and a fall through could take it to the next support level of 91.70 The pair is expected to find its first resistance at 98.50 and a rise through could take it to the next resistance level of 102.00. Today’s expected trading range is between 88.40 support and 103.00 resistance.
The expected trend for today is Bullish
Important support levels:
Support 1: 92.80
Support 2: 91.70
Support 3: 88.40
Important resistance levels:
Resistance 1: 98.50
Resistance 2: 102.00
Resistance 3: 103.00