Crude Oil Technical Analysis August 10, 2022
Crude Oil declined 0.12% against the USD on Tuesday and closed at 91.25. Today in the European session, while the Crude Oil technical Analysis August 10, 2022, is preparing at 5:15 GMT, the Crude Oil is trading at 90.85, which is 0.56% lower than Yesterday’s close.
The pair is expected to find support at 89.40 and a fall through could take it to the next support level of 87.90 The pair is expected to find its first resistance at 91.74 and a rise through could take it to the next resistance level of 93.00. Today’s expected trading range is between 87.20 support and 94.00 resistance.
The expected trend for today is Bearish
Important support levels:
Support 1: 89.40
Support 2: 87.90
Support 3: 87.20
Important resistance levels:
Resistance 1: 91.40
Resistance 2: 93.30
Resistance 3: 94.00