Crude Oil Technical Analysis 8 June 2022
Crude Oil rose 0.47% against the USD on Tuesday and closed at 117.95. Today in the Asian session, while Crude Oil technical Analysis 31 May 2022, is preparing at 5:45 GMT, the Crude Oil is trading at 118.35, which is 0.31% higher than Yesterday’s close.
The pair is expected to find support at 116.10 and a fall through could take it to the next support level of 115.75 The pair is expected to find its first resistance at 118.65 and a rise through could take it to the next resistance level of 119.10. Today’s expected trading range is between 113.75 support and 120.00 resistance.
The expected trend for today is Bullish
Important support levels:
Support 1: 116.10
Support 2: 115.75
Support 3: 113.75
Important resistance levels:
Resistance 1: 118.65
Resistance 2: 119.10
Resistance 3: 120.00