Crude Oil Technical Analysis July 16, 2021
The Crude Oil declined 1.62% against the USD on Thursday and closed at 71.20. Today in the Asian session, while Crude Oil technical Analysis July 16, 2021 is preparing at 4:45 GMT, the Crude Oil trading at 71.71, which is 0.73% higher from Yesterday’s close.
The pair is expected to find support at 70.85 and a fall through could take it to the next support level of 70.25 The pair is expected to find its first resistance at 72.30 and a rise through could take it to the next resistance level of 72.65. Today’s expected trading range is between 69.55 support and 73.15 resistance.
The expected trend for today is Bearish
Important support levels:
Support 1: 71.85
Support 2: 70.25
Support 3: 69.55
Important resistance levels:
Resistance 1: 72.30
Resistance 2: 72.65
Resistance 3: 73.15