Crude Oil Technical Analysis December 19, 2022
Crude Oil declined 2.28% against the USD on Friday and closed at 74.57. Today in the European session, while the Crude Oil technical Analysis December 19, 2022, is prepared at 5:15 GMT, the Crude Oil is trading at 74.86, which is 0.39% higher than Yesterday’s close.
The pair is expected to find support at 74.00 and a fall through could take it to the next support level of 73.40 The pair is expected to find its first resistance at 75.80 and a rise through could take it to the next resistance level of 76.25. Today’s expected trading range is between 70.40 support and 77.70 resistance.
The expected trend for today is Bearish
Important support levels:
Support 1: 74.00
Support 2: 73.40
Support 3: 70.40
Important resistance levels:
Resistance 1: 75.80
Resistance 2: 76.25
Resistance 3: 77.70