Crude Oil Technical Analysis Aug 7, 2023
Crude Oil rose 1.16% against the USD on Friday and closed at 82.68. Today in the European session, while the Crude Oil technical Analysis Aug 7, 2023, is prepared at 5:15 GMT, the Crude Oil is trading at 82.08, which is 0.73% lower than Yesterday’s close.
The pair is expected to find support at 81.60 and a fall-through could take it to the next support level of 80.85 The pair is expected to find its first resistance at 82.40 and a rise-through could take it to the next resistance level of 83.25. Today’s expected trading range is between 79.90 support and 85.00 resistance.
The expected trend for today is Bearish
Important support levels:
Support 1: 81.60
Support 2: 80.85
Support 3: 79.90
Important resistance levels:
Resistance 1: 82.40
Resistance 2: 83.25
Resistance 3: 85.00