Crude Oil Technical Analysis January 5, 2023
Crude Oil declined 5.11% against the USD on Thursday and closed at 73.17. Today in the European session, while the Crude Oil technical Analysis January 5, 2023, is prepared at 5:15 GMT, the Crude Oil is trading at 74.32, which is 1.57% higher than Yesterday’s close.
The pair is expected to find support at 73.25 and a fall-through could take it to the next support level of 72.80 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 76.00. Today’s expected trading range is between 70.30 support and 76.90 resistance.
The expected trend for today is Bullish
Important support levels:
Support 1: 73.25
Support 2: 72.80
Support 3: 70.30
Important resistance levels:
Resistance 1: 74.80
Resistance 2: 76.00
Resistance 3: 76.90