Crude Oil Technical Analysis January 31, 2023
Crude Oil declined 2.63% against the USD on Monday and closed at 77.63. Today in the European session, while the Crude Oil technical Analysis January 31, 2023, is prepared at 5:15 GMT, the Crude Oil is trading at 76.90, which is 0.93% lower than Yesterday’s close.
The pair is expected to find support at 76.45 and a fall-through could take it to the next support level of 76.00 The pair is expected to find its first resistance at 78.60 and a rise-through could take it to the next resistance level of 79.50. Today’s expected trading range is between 75.70 support and 80.25 resistance.
The expected trend for today is Bearish
Important support levels:
Support 1: 76.45
Support 2: 76.00
Support 3: 75.70
Important resistance levels:
Resistance 1: 78.60
Resistance 2: 79.50
Resistance 3: 80.25