Crude Oil Technical Analysis December 7, 2022
Crude Oil declined 3.70% against the USD on Tuesday and closed at 74.64. Today in the European session, while the Crude Oil technical Analysis December 7, 2022, is prepared at 5:15 GMT, the Crude Oil is trading at 73.55, which is 1.45% lower than Yesterday’s close.
The pair is expected to find support at 72.90 and a fall through could take it to the next support level of 71.00 The pair is expected to find its first resistance at 74.80 and a rise through could take it to the next resistance level of 75.50. Today’s expected trading range is between 69.00 support and 77.90 resistance.
The expected trend for today is Bearish
Important support levels:
Support 1: 72.90
Support 2: 71.00
Support 3: 69.00
Important resistance levels:
Resistance 1: 74.80
Resistance 2: 75.50
Resistance 3: 77.90