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Crude Oil Technical Analysis June 2, 2023

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Crude Oil Technical Analysis June 2, 2023

Crude Oil declined 3.70% against the USD on Thursday and closed at 70.23. Today in the European session, while the Crude Oil technical Analysis June 2, 2023, is prepared at 5:15 GMT, the Crude Oil is trading at 71.50, which is 1.77% higher than Yesterday’s close.

The pair is expected to find support at 70.00 and a fall-through could take it to the next support level of 67.50 The pair is expected to find its first resistance at 71.60 and a rise-through could take it to the next resistance level of 73.40. Today’s expected trading range is between 67.50 support and 74.50 resistance.

The expected trend for today is Bullish

Important support levels:

Support 1: 70.00
Support 2: 69.50
Support 3: 67.50

Important resistance levels:

Resistance 1: 71.60
Resistance 2: 73.40
Resistance 3: 74.50

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