Crude Oil Technical Analysis July 4, 2022
Crude Oil rose 2.10% against the USD on Friday and closed at 106.80. Today in the European session, while Crude Oil technical Analysis 31 May 2022, is preparing at 11:45 GMT, the Crude Oil is trading at 106.40, which is 0.37% lower than Yesterday’s close.
The pair is expected to find support at 105.70 and a fall through could take it to the next support level of 104.00 The pair is expected to find its first resistance at 107.40 and a rise through could take it to the next resistance level of 108.75. Today’s expected trading range is between 103.10 support and 112.65 resistance.
The expected trend for today is Bearish
Important support levels:
Support 1: 105.70
Support 2: 104.00
Support 3: 103.10
Important resistance levels:
Resistance 1: 107.40
Resistance 2: 108.75
Resistance 3: 112.65