Crude Oil Technical Analysis 24 May 2022
Crude Oil rose 1.18% against the USD on Monday and closed at 110.04. Today in the Asian session, while Crude Oil technical Analysis 24 May 2022, is preparing at 5:45 GMT, the Crude Oil is trading at 110.45, which is 0.34% lower than Yesterday’s close.
The pair is expected to find support at 108.40 and a fall through could take it to the next support level of 107.70 The pair is expected to find its first resistance at 109.80 and a rise through could take it to the next resistance level of 112.20. Today’s expected trading range is between 103.00 support and 113.10 resistance.
The expected trend for today is Bearish
Important support levels:
Support 1: 108.40
Support 2: 107.70
Support 3: 103.00
Important resistance levels:
Resistance 1: 111.20
Resistance 2: 112.10
Resistance 3: 113.10