Crude Oil Technical Analysis October 12, 2022
Crude Oil declined 2.68% against the USD on Tuesday and closed at 88.66. Today in the European session, while the Crude Oil technical Analysis October 12, 2022, is prepared at 5:15 GMT, the Crude Oil is trading at 89.83, which is 1.30% higher 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 87.20 The pair is expected to find its first resistance at 90.60 and a rise through could take it to the next resistance level of 91.80. Today’s expected trading range is between 85.60 support and 92.75 resistance.
The expected trend for today is Bullish
Important support levels:
Support 1: 88.00
Support 2: 87.20
Support 3: 85.60
Important resistance levels:
Resistance 1: 90.60
Resistance 2: 91.80
Resistance 3: 92.75