Crude Oil Technical Analysis May 30, 2023
Crude Oil rose 0.30% against the USD on Monday and closed at 72.95. Today in the European session, while the Crude Oil technical Analysis May 30, 2023, is prepared at 5:15 GMT, the Crude Oil is trading at 71.82, which is 1.55% lower than Yesterday’s close.
The pair is expected to find support at 71.10 and a fall-through could take it to the next support level of 70.65 The pair is expected to find its first resistance at 72.10 and a rise-through could take it to the next resistance level of 73.40. Today’s expected trading range is between 70.00 support and 74.50 resistance.
The expected trend for today is Bearish
Important support levels:
Support 1: 71.10
Support 2: 70.65
Support 3: 70.00
Important resistance levels:
Resistance 1: 72.10
Resistance 2: 73.40
Resistance 3: 74.50