Crude Oil Technical Analysis February 8, 2023
Crude Oil rose 3.85% against the USD on Tuesday and closed at 77.47. Today in the European session, while the Crude Oil technical Analysis February 8, 2023, is prepared at 5:15 GMT, the Crude Oil is trading at 77.80, which is 0.41% higher than Yesterday’s close.
The pair is expected to find support at 77.05 and a fall-through could take it to the next support level of 75.80 The pair is expected to find its first resistance at 78.30 and a rise-through could take it to the next resistance level of 78.60. Today’s expected trading range is between 74.70 support and 79.55 resistance.
The expected trend for today is Bullish
Important support levels:
Support 1: 77.05
Support 2: 75.80
Support 3: 74.70
Important resistance levels:
Resistance 1: 78.30
Resistance 2: 78.60
Resistance 3: 79.55