Crude Oil Technical Analysis May 29, 2023
Crude Oil rose 1.35% against the USD on Friday and closed at 72.82. Today in the European session, while the Crude Oil technical Analysis May 29, 2023, is prepared at 5:15 GMT, the Crude Oil is trading at 72.65, which is 0.25% lower than Yesterday’s close.
The pair is expected to find support at 72.50 and a fall-through could take it to the next support level of 71.50 The pair is expected to find its first resistance at 73.45 and a rise-through could take it to the next resistance level of 74.25. Today’s expected trading range is between 71.00 support and 74.60 resistance.
The expected trend for today is Bearish
Important support levels:
Support 1: 72.50
Support 2: 71.50
Support 3: 71.00
Important resistance levels:
Resistance 1: 73.45
Resistance 2: 74.25
Resistance 3: 74.60