Crude Oil Technical Analysis August 30, 2022
Crude Oil declined 4.12% against the USD on Monday and closed at 97.14. Today in the European session, while the Crude Oil technical Analysis August 30, 2022, is preparing at 5:15 GMT, the Crude Oil is trading at 94.90, which is 2.30% 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 93.30 The pair is expected to find its first resistance at 96.70 and a rise through could take it to the next resistance level of 97.80. Today’s expected trading range is between 91.40 support and 99.00 resistance.
The expected trend for today is Bearish
Important support levels:
Support 1: 94.00
Support 2: 93.30
Support 3: 91.40
Important resistance levels:
Resistance 1: 96.70
Resistance 2: 97.80
Resistance 3: 99.00