Crude Oil Technical Analysis Aug 10, 2023
Crude Oil declined 1.59% against the USD on Thursday and closed at 82.87. Today in the European session, while the Crude Oil technical Analysis Aug 10, 2023, is prepared at 5:15 GMT, the Crude Oil is trading at 83.30, which is 0.51% higher than Yesterday’s close.
The pair is expected to find support at 82.30 and a fall-through could take it to the next support level of 81.60 The pair is expected to find its first resistance at 83.45 and a rise-through could take it to the next resistance level of 84.20. Today’s expected trading range is between 80.00 support and 84.85 resistance.
The expected trend for today is Bearish
Important support levels:
Support 1: 82.30
Support 2: 81.60
Support 3: 80.00
Important resistance levels:
Resistance 1: 83.45
Resistance 2: 84.20
Resistance 3: 84.85