Crude Oil Technical Analysis July 7, 2023
Crude Oil rose 0.06% against the USD on Thursday and closed at 71.84. Today in the European session, while the Crude Oil technical Analysis July 7, 2023, is prepared at 5:15 GMT, the Crude Oil is trading at 72.00, which is 0.30% lower than Yesterday’s close.
The pair is expected to find support at 71.70 and a fall-through could take it to the next support level of 70.35 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 72.60. Today’s expected trading range is between 69.80 support and 73.30 resistance.
The expected trend for today is Bullish
Important support levels:
Support 1: 71.70
Support 2: 70.35
Support 3: 69.80
Important resistance levels:
Resistance 1: 72.30
Resistance 2: 72.60
Resistance 3: 73.30