Crude Oil Technical Analysis Aug 3, 2023
Crude Oil rose 2.80% against the USD on Wednesday and closed at 79.77. Today in the European session, while the Crude Oil technical Analysis Aug 3, 2023, is prepared at 5:15 GMT, the Crude Oil is trading at 79.60, which is 0.20% lower than Yesterday’s close.
The pair is expected to find support at 78.75 and a fall-through could take it to the next support level of 78.40 The pair is expected to find its first resistance at 79.90 and a rise-through could take it to the next resistance level of 80.70. Today’s expected trading range is between 77.30 support and 82.40 resistance.
The expected trend for today is Bearish
Important support levels:
Support 1: 78.75
Support 2: 78.40
Support 3: 77.30
Important resistance levels:
Resistance 1: 79.90
Resistance 2: 80.70
Resistance 3: 82.40