Crude Oil Technical Analysis May 15, 2023
Crude Oil declined 1.93% against the USD on Friday and closed at 70.07. Today in the European session, while the Crude Oil technical Analysis May 15, 2023, is prepared at 5:15 GMT, the Crude Oil is trading at 70.75, which is 0.96% higher than Yesterday’s close.
The pair is expected to find support at 69.40 and a fall-through could take it to the next support level of 68.00 The pair is expected to find its first resistance at 71.25 and a rise-through could take it to the next resistance level of 71.75. Today’s expected trading range is between 67.00 support and 72.75 resistance.
The expected trend for today is Bearish
Important support levels:
Support 1: 69.40
Support 2: 68.00
Support 3: 67.00
Important resistance levels:
Resistance 1: 71.25
Resistance 2: 71.75
Resistance 3: 72.75