Crude Oil Technical Analysis October 20, 2023
Crude Oil rose 2.34% against the USD on Thursday and closed at 90.63. Today in the European session, while the Crude Oil technical Analysis October 20, 2023, is prepared at 5:15 GMT, the Crude Oil is trading at 90.90, which is 0.30% higher than Yesterday’s close.
The pair is expected to find support at 89.80 and a fall-through could take it to the next support level of 88.00 The pair is expected to find its first resistance at 91.00 and a rise-through could take it to the next resistance level of 92.00. Today’s expected trading range is between 86.80 support and 93.60 resistance.
The expected trend for today is Bullish
Important support levels:
Support 1: 89.80
Support 2: 88.00
Support 3: 86.80
Important resistance levels:
Resistance 1: 91.00
Resistance 2: 92.00
Resistance 3: 93.60