Crude Oil Technical Analysis April 7, 2023
Crude Oil declined 0.79% against the USD on Thursday and closed at 80.25. Today in the European session, while the Crude Oil technical Analysis April 7, 2023, is prepared at 5:15 GMT, the Crude Oil is trading at 80.38, which is 0.16% lower than Yesterday’s close.
The pair is expected to find support at 79.75 and a fall-through could take it to the next support level of 78.90 The pair is expected to find its first resistance at 81.00 and a rise-through could take it to the next resistance level of 81.50. Today’s expected trading range is between 78.00 support and 82.20 resistance.
The expected trend for today is Bullish
Important support levels:
Support 1: 79.75
Support 2: 78.90
Support 3: 78.00
Important resistance levels:
Resistance 1: 81.00
Resistance 2: 81.50
Resistance 3: 82.20