Crude Oil Technical Analysis June 1, 2023
Crude Oil declined 2.91% against the USD on Wednesday and closed at 67.67. Today in the European session, while the Crude Oil technical Analysis June 1, 2023, is prepared at 5:15 GMT, the Crude Oil is trading at 68.00, which is 0.30% higher than Yesterday’s close.
The pair is expected to find support at 67.10 and a fall-through could take it to the next support level of 66.60 The pair is expected to find its first resistance at 68.90 and a rise-through could take it to the next resistance level of 69.50. Today’s expected trading range is between 64.10 support and 71.00 resistance.
The expected trend for today is Bearish
Important support levels:
Support 1: 67.10
Support 2: 66.60
Support 3: 64.10
Important resistance levels:
Resistance 1: 68.90
Resistance 2: 69.50
Resistance 3: 71.00