Crude Oil Technical Analysis August 31, 2022
Crude Oil declined 4.80% against the USD on Tuesday and closed at 92.52. Today in the European session, while the Crude Oil technical Analysis August 31, 2022, is preparing at 5:15 GMT, the Crude Oil is trading at 89.35, which is 3.35% lower than Yesterday’s close.
The pair is expected to find support at 88.50 and a fall through could take it to the next support level of 86.60 The pair is expected to find its first resistance at 91.40 and a rise through could take it to the next resistance level of 92.80. Today’s expected trading range is between 85.90 support and 97.70 resistance.
The expected trend for today is Bearish
Important support levels:
Support 1: 88.50
Support 2: 86.60
Support 3: 85.90
Important resistance levels:
Resistance 1: 91.40
Resistance 2: 92.80
Resistance 3: 97.70