Crude Oil Technical Analysis February 9, 2023
Crude Oil rose 1.28% against the USD on Wednesday and closed at 78.40. Today in the European session, while the Crude Oil technical Analysis February 9, 2023, is prepared at 5:15 GMT, the Crude Oil is trading at 78.24, which is 0.20% lower than Yesterday’s close.
The pair is expected to find support at 77.50 and a fall-through could take it to the next support level of 77.15 The pair is expected to find its first resistance at 78.90 and a rise-through could take it to the next resistance level of 79.50. Today’s expected trading range is between 76.50 support and 80.00 resistance.
The expected trend for today is Bearish
Important support levels:
Support 1: 77.50
Support 2: 77.15
Support 3: 76.50
Important resistance levels:
Resistance 1: 78.90
Resistance 2: 79.50
Resistance 3: 80.00