Crude Oil Technical Analysis July 5, 2023
Crude Oil rose 1.57% against the USD on Tuesday and closed at 71.31. Today in the European session, while the Crude Oil technical Analysis July 5, 2023, is prepared at 5:15 GMT, the Crude Oil is trading at 71.55, which is 0.32% higher than Yesterday’s close.
The pair is expected to find support at 69.50 and a fall-through could take it to the next support level of 69.80 The pair is expected to find its first resistance at 71.75 and a rise-through could take it to the next resistance level of 72.30. Today’s expected trading range is between 69.05 support and 72.60 resistance.
The expected trend for today is Bullish
Important support levels:
Support 1: 70.50
Support 2: 69.80
Support 3: 69.05
Important resistance levels:
Resistance 1: 71.75
Resistance 2: 72.30
Resistance 3: 72.60