Crude Oil Technical Analysis July 6, 2022
Crude Oil declined 9.91% against the USD on Tuesday and closed at 97.83. 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 97.95, which is 0.11% higher than Yesterday’s close.
The pair is expected to find support at 95.70 and a fall through could take it to the next support level of 95.00 The pair is expected to find its first resistance at 100.00 and a rise through could take it to the next resistance level of 101.00. Today’s expected trading range is between 92.60 support and 102.80 resistance.
The expected trend for today is Bullish
Important support levels:
Support 1: 95.70
Support 2: 95.00
Support 3: 92.60
Important resistance levels:
Resistance 1: 100.00
Resistance 2: 101.00
Resistance 3: 102.80