Crude Oil Technical Analysis August 6, 2021
Crude Oil rose 1.63% against the USD on Thursday and closed at 68.91. Today in the Asian session, while Crude Oil technical Analysis August 6, 2021 is preparing at 4:45 GMT, the Crude Oil trading at 69.18, which is 0.41% higher from Yesterday’s close.
The pair is expected to find support at 68.80 and a fall through could take it to the next support level of 68.50 The pair is expected to find its first resistance at 69.60 and a rise through could take it to the next resistance level of 70.40. Today’s expected trading range is between 67.35 support and 71.50 resistance.
The expected trend for today is Bullish
Important support levels:
Support 1: 68.50
Support 2: 67.70
Support 3: 67.35
Important resistance levels:
Resistance 1: 69.60
Resistance 2: 70.40
Resistance 3: 71.50