Crude Oil Technical Analysis February 7, 2023
Crude Oil rose 1.52% against the USD on Monday and closed at 74.36. Today in the European session, while the Crude Oil technical Analysis February 7, 2023, is prepared at 5:15 GMT, the Crude Oil is trading at 74.90, which is 0.75% higher than Yesterday’s close.
The pair is expected to find support at 74.25 and a fall-through could take it to the next support level of 73.00 The pair is expected to find its first resistance at 75.85 and a rise-through could take it to the next resistance level of 77.00. Today’s expected trading range is between 72.20 support and 77.80 resistance.
The expected trend for today is Bullish
Important support levels:
Support 1: 74.25
Support 2: 73.00
Support 3: 72.20
Important resistance levels:
Resistance 1: 75.85
Resistance 2: 77.00
Resistance 3: 77.80