Crude Oil Technical Analysis August 12, 2022
Crude Oil rose 2.58% against the USD on Thursday and closed at 94.54. Today in the European session, while the Crude Oil technical Analysis August 12, 2022, is preparing at 5:15 GMT, the Crude Oil is trading at 93.23, which is 1.37% lower than Yesterday’s close.
The pair is expected to find support at 93.00 and a fall through could take it to the next support level of 88.40 The pair is expected to find its first resistance at 95.20 and a rise through could take it to the next resistance level of 96.10. Today’s expected trading range is between 87.20 support and 97.80 resistance.
The expected trend for today is Bearish
Important support levels:
Support 1: 93.00
Support 2: 88.40
Support 3: 87.20
Important resistance levels:
Resistance 1: 95.20
Resistance 2: 96.10
Resistance 3: 97.80