Crude Oil Technical Analysis July 11, 2022
Crude Oil rose 2.55% against the USD on Friday and closed at 102.34. Today in the European session, while Crude Oil technical Analysis 31 May 2022, is preparing at 5:15 GMT, the Crude Oil is trading at 100.90, which is 1.40% lower than Yesterday’s close.
The pair is expected to find support at 100.00 and a fall through could take it to the next support level of 99.20 The pair is expected to find its first resistance at 102.60 and a rise through could take it to the next resistance level of 103.10. Today’s expected trading range is between 93.30 support and 106.30 resistance.
The expected trend for today is Bearish
Important support levels:
Support 1: 100.00
Support 2: 99.20
Support 3: 93.30
Important resistance levels:
Resistance 1: 102.60
Resistance 2: 103.10
Resistance 3: 106.30