Crude Oil Technical Analysis August 2, 2022
Crude Oil declined 4.46% against the USD on Monday and closed at 99.55. Today in the European session, while the Crude Oil technical Analysis August 2, 2022, is preparing at 5:15 GMT, the Crude Oil is trading at 95.65, which is 0.09% lower than Yesterday’s close.
The pair is expected to find support at 94.00 and a fall through could take it to the next support level of 93.00 The pair is expected to find its first resistance at 96.30 and a rise through could take it to the next resistance level of 96.90. Today’s expected trading range is between 90.75 support and 98.00 resistance.
The expected trend for today is Bearish
Important support levels:
Support 1: 94.00
Support 2: 93.00
Support 3: 90.75
Important resistance levels:
Resistance 1: 96.30
Resistance 2: 96.90
Resistance 3: 98.00