Crude Oil Technical Analysis August 24, 2022
Crude Oil rose 3.49% against the USD on Tuesday and closed at 94.06. Today in the European session, while the Crude Oil technical Analysis August 24, 2022, is preparing at 5:15 GMT, the Crude Oil is trading at 94.90, which is 0.90% higher than Yesterday’s close.
The pair is expected to find support at 93.65 and a fall through could take it to the next support level of 91.90 The pair is expected to find its first resistance at 95.45 and a rise through could take it to the next resistance level of 96.80. Today’s expected trading range is between 91.00 support and 97.80 resistance.
The expected trend for today is Bullish
Important support levels:
Support 1: 93.65
Support 2: 91.90
Support 3: 91.00
Important resistance levels:
Resistance 1: 95.45
Resistance 2: 96.80
Resistance 3: 97.80