Crude Oil Technical Analysis July 5, 2022
Crude Oil rose 1.57% against the USD on Monday and closed at 108.60. 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 108.30, which is 0.31% lower than Yesterday’s close.
The pair is expected to find support at 107.50 and a fall through could take it to the next support level of 105.70 The pair is expected to find its first resistance at 109.70 and a rise through could take it to the next resistance level of 111.10. Today’s expected trading range is between 103.10 support and 112.65 resistance.
The expected trend for today is Bullish
Important support levels:
Support 1: 107.50
Support 2: 105.70
Support 3: 103.10
Important resistance levels:
Resistance 1: 109.70
Resistance 2: 111.10
Resistance 3: 112.65