Crude Oil Technical Analysis June 16, 2023
Crude Oil rose 2.84% against the USD on Thursday and closed at 70.75. Today in the European session, while the Crude Oil technical Analysis June 16, 2023, is prepared at 5:15 GMT, the Crude Oil is trading at 71.11, which is 0.55% higher than Yesterday’s close.
The pair is expected to find support at 70.20 and a fall-through could take it to the next support level of 69.00 The pair is expected to find its first resistance at 71.80 and a rise-through could take it to the next resistance level of 73.30. Today’s expected trading range is between 69.20 support and 74.00 resistance.
The expected trend for today is Bullish
Important support levels:
Support 1: 70.20
Support 2: 69.00
Support 3: 69.20
Important resistance levels:
Resistance 1: 71.80
Resistance 2: 73.30
Resistance 3: 74.00