Crude Oil Technical Analysis November 18, 2022
Crude Oil declined 3.41% against the USD on Thursday and closed at 82.42. Today in the European session, while the Crude Oil technical Analysis November 18, 2022, is prepared at 5:15 GMT, the Crude Oil is trading at 82.22, which is 0.22% lower than Yesterday’s close.
The pair is expected to find support at 81.85 and a fall through could take it to the next support level of 80.90 The pair is expected to find its first resistance at 83.00 and a rise through could take it to the next resistance level of 84.70. Today’s expected trading range is between 76.70 support and 85.40 resistance.
The expected trend for today is Bearish
Important support levels:
Support 1: 81.85
Support 2: 88.90
Support 3: 76.70
Important resistance levels:
Resistance 1: 83.00
Resistance 2: 84.70
Resistance 3: 85.40