Crude Oil Technical Analysis February 2, 2023
Crude Oil declined 3.04% against the USD on Wednesday and closed at 76.54. Today in the European session, while the Crude Oil technical Analysis February 2, 2023, is prepared at 5:15 GMT, the Crude Oil is trading at 75.25, which is 1.70% lower than Yesterday’s close.
The pair is expected to find support at 75.10 and a fall-through could take it to the next support level of 74.40 The pair is expected to find its first resistance at 77.00 and a rise-through could take it to the next resistance level of 78.80. Today’s expected trading range is between 73.90 support and 79.50 resistance.
The expected trend for today is Bearish
Important support levels:
Support 1: 75.10
Support 2: 74.40
Support 3: 73.90
Important resistance levels:
Resistance 1: 77.00
Resistance 2: 78.80
Resistance 3: 79.50