Crude Oil Technical Analysis Aug 1, 2023
Crude Oil rose 1.61% against the USD on Monday and closed at 81.89. Today in the European session, while the Crude Oil technical Analysis Aug 1, 2023, is prepared at 5:15 GMT, the Crude Oil is trading at 81.40, which is 0.59% lower than Yesterday’s close.
The pair is expected to find support at 80.15 and a fall-through could take it to the next support level of 80.70 The pair is expected to find its first resistance at 82.00 and a rise-through could take it to the next resistance level of 82.50. Today’s expected trading range is between 80.20 support and 83.20 resistance.
The expected trend for today is Bullish
Important support levels:
Support 1: 81.15
Support 2: 80.70
Support 3: 80.20
Important resistance levels:
Resistance 1: 82.00
Resistance 2: 82.50
Resistance 3: 83.20