Crude Oil Technical Analysis August 4, 2022
Crude Oil declined 3.02% against the USD on Wednesday and closed at 92.23. Today in the European session, while the Crude Oil technical Analysis August 4, 2022, is preparing at 5:15 GMT, the Crude Oil is trading at 92.10, which is 0.14% lower than Yesterday’s close.
The pair is expected to find support at 90.85 and a fall through could take it to the next support level of 90.00 The pair is expected to find its first resistance at 93.00 and a rise through could take it to the next resistance level of 94.00. Today’s expected trading range is between 85.00 support and 97.75 resistance.
The expected trend for today is Bearish
Important support levels:
Support 1: 90.85
Support 2: 90.00
Support 3: 85.00
Important resistance levels:
Resistance 1: 93.00
Resistance 2: 94.00
Resistance 3: 97.75