Crude Oil Technical Analysis August 19, 2022
Crude Oil rose 3.29% against the USD on Thursday and closed at 90.35. Today in the European session, while the Crude Oil technical Analysis August 19, 2022, is preparing at 5:15 GMT, the Crude Oil is trading at 89.26, which is 1.23% lower than Yesterday’s close.
The pair is expected to find support at 88.00 and a fall through could take it to the next support level of 87.00 The pair is expected to find its first resistance at 91.30 and a rise through could take it to the next resistance level of 92.00. Today’s expected trading range is between 85.90 support and 93.10 resistance.
The expected trend for today is Bearish
Important support levels:
Support 1: 88.00
Support 2: 87.00
Support 3: 85.90
Important resistance levels:
Resistance 1: 91.30
Resistance 2: 92.00
Resistance 3: 93.10