Crude Oil Technical Analysis July 12, 2021
The Crude Oil rose 1.94% against the USD on Friday and closed at 74.05. Today in the Asian session, while Crude Oil technical Analysis July 12, 2021 is preparing at 5:15 GMT, the Crude Oil trading at 73.37, which is 0.92% lower from Yesterday’s close.
The pair is expected to find support at 73.20 and a fall through could take it to the next support level of 72.70 The pair is expected to find its first resistance at 74.20 and a rise through could take it to the next resistance level of 75.75. Today’s expected trading range is between 70.30 support and 76.35 resistance.
The expected trend for today is Bearish
Important support levels:
Support 1: 73.20
Support 2: 72.70
Support 3: 70.30
Important resistance levels:
Resistance 1: 74.20
Resistance 2: 74.75
Resistance 3: 76.35