Crude Oil Technical Analysis August 17, 2022
Crude Oil declined 0.87% against the USD on Tuesday and closed at 87.28. Today in the European session, while the Crude Oil technical Analysis August 17, 2022, is preparing at 5:15 GMT, the Crude Oil is trading at 86.40, which is 1.03% lower than Yesterday’s close.
The pair is expected to find support at 85.80 and a fall through could take it to the next support level of 85.00 The pair is expected to find its first resistance at 87.60 and a rise through could take it to the next resistance level of 90.50. Today’s expected trading range is between 82.50 support and 91.50 resistance.
The expected trend for today is Bearish
Important support levels:
Support 1: 85.80
Support 2: 85.00
Support 3: 82.50
Important resistance levels:
Resistance 1: 87.60
Resistance 2: 90.50
Resistance 3: 91.50