Crude Oil Technical Analysis October 19, 2022
Crude Oil declined 2.38% against the USD on Tuesday and closed at 83.74. Today in the European session, while the Crude Oil technical Analysis October 19, 2022, is prepared at 5:15 GMT, the Crude Oil is trading at 84.00, which is 0.38% higher than Yesterday’s close.
The pair is expected to find support at 82.60 and a fall through could take it to the next support level of 82.20 The pair is expected to find its first resistance at 84.20 and a rise through could take it to the next resistance level of 84.80. Today’s expected trading range is between 79.70 support and 86.30 resistance.
The expected trend for today is Bearish
Important support levels:
Support 1: 82.60
Support 2: 82.20
Support 3: 79.70
Important resistance levels:
Resistance 1: 84.20
Resistance 2: 84.80
Resistance 3: 86.30