Crude Oil Technical Analysis June 12, 2023
Crude Oil declined 0.83% against the USD on Friday and closed at 70.44. Today in the European session, while the Crude Oil technical Analysis June 12, 2023, is prepared at 5:15 GMT, the Crude Oil is trading at 68.85, which is 2.27% lower than Yesterday’s close.
The pair is expected to find support at 67.90 and a fall-through could take it to the next support level of 67.60 The pair is expected to find its first resistance at 69.65 and a rise-through could take it to the next resistance level of 70.85. Today’s expected trading range is between 67.20 support and 71.80 resistance.
The expected trend for today is Bearish
Important support levels:
Support 1: 67.90
Support 2: 67.60
Support 3: 67.20
Important resistance levels:
Resistance 1: 69.65
Resistance 2: 70.85
Resistance 3: 71.80