Crude Oil Technical Analysis January 12, 2023
Crude Oil rose 3.85% against the USD on Wednesday and closed at 77.69. Today in the European session, while the Crude Oil technical Analysis January 12, 2023, is prepared at 5:15 GMT, the Crude Oil is trading at 78.47, which is 0.97% higher than Yesterday’s close.
The pair is expected to find support at 77.10 and a fall-through could take it to the next support level of 76.50 The pair is expected to find its first resistance at 78.90 and a rise-through could take it to the next resistance level of 80.00. Today’s expected trading range is between 75.90 support and 81.30 resistance.
The expected trend for today is Bullish
Important support levels:
Support 1: 77.10
Support 2: 76.50
Support 3: 75.90
Important resistance levels:
Resistance 1: 78.90
Resistance 2: 80.00
Resistance 3: 81.30