Crude Oil Technical Analysis August 22, 2022
Crude Oil declined 0.49% against the USD on Friday and closed at 89.97. Today in the European session, while the Crude Oil technical Analysis August 22, 2022, is preparing at 5:15 GMT, the Crude Oil is trading at 91.00, which is 1.14% higher than Yesterday’s close.
The pair is expected to find support at 88.70 and a fall through could take it to the next support level of 88.30 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 Bullish
Important support levels:
Support 1: 88.70
Support 2: 88.30
Support 3: 85.90
Important resistance levels:
Resistance 1: 91.30
Resistance 2: 92.00
Resistance 3: 93.10