Crude Oil Technical Analysis October 18, 2022
Crude Oil rose 0.02% against the USD on Monday and closed at 85.64. Today in the European session, while the Crude Oil technical Analysis October 18, 2022, is prepared at 5:15 GMT, the Crude Oil is trading at 85.12, which is 0.61% higher than Yesterday’s close.
The pair is expected to find support at 84.50 and a fall through could take it to the next support level of 83.30 The pair is expected to find its first resistance at 86.40 and a rise through could take it to the next resistance level of 87.00. Today’s expected trading range is between 82.00 support and 89.70 resistance.
The expected trend for today is Bearish
Important support levels:
Support 1: 84.50
Support 2: 83.30
Support 3: 82.00
Important resistance levels:
Resistance 1: 86.40
Resistance 2: 87.00
Resistance 3: 89.70