Crude Oil Technical Analysis December 12, 2022
Crude Oil declined 0.51% against the USD on Friday and closed at 71.67. Today in the European session, while the Crude Oil technical Analysis December 12, 2022, is prepared at 5:15 GMT, the Crude Oil is trading at 70.47, which is 1.67% lower than Yesterday’s close.
The pair is expected to find support at 70.25 and a fall through could take it to the next support level of 68.80 The pair is expected to find its first resistance at 71.80 and a rise through could take it to the next resistance level of 73.00. Today’s expected trading range is between 67.00 support and 75.50 resistance.
The expected trend for today is Bearish
Important support levels:
Support 1: 70.25
Support 2: 68.80
Support 3: 67.00
Important resistance levels:
Resistance 1: 71.80
Resistance 2: 73.00
Resistance 3: 75.50