Crude Oil Technical Analysis November 16, 2022
Crude Oil rose 1.61% against the USD on Tuesday and closed at 86.82. Today in the European session, while the Crude Oil technical Analysis November 16, 2022, is prepared at 5:15 GMT, the Crude Oil is trading at 87.15, which is 0.36% higher than Yesterday’s close.
The pair is expected to find support at 85.85 and a fall through could take it to the next support level of 84.20 The pair is expected to find its first resistance at 88.60 and a rise through could take it to the next resistance level of 89.00. Today’s expected trading range is between 82.00 support and 90.00 resistance.
The expected trend for today is Bullish
Important support levels:
Support 1: 85.85
Support 2: 84.20
Support 3: 82.00
Important resistance levels:
Resistance 1: 88.60
Resistance 2: 89.00
Resistance 3: 90.00