Crude Oil Technical Analysis March 15, 2023
Crude Oil declined 4.30% against the USD on Tuesday and closed at 71.47. Today in the European session, while the Crude Oil technical Analysis March 15, 2023, is prepared at 5:15 GMT, the Crude Oil is trading at 71.90, which is 0.59% higher than Yesterday’s close.
The pair is expected to find support at 72.70 and a fall-through could take it to the next support level of 72.35 The pair is expected to find its first resistance at 72.40 and a rise-through could take it to the next resistance level of 74.00. Today’s expected trading range is between 70.30 support and 74.80 resistance.
The expected trend for today is Bearish
Important support levels:
Support 1: 70.80
Support 2: 69.80
Support 3: 68.20
Important resistance levels:
Resistance 1: 72.40
Resistance 2: 74.00
Resistance 3: 74.80