Crude Oil Technical Analysis March 16, 2023
Crude Oil declined 4.63% against the USD on Wednesday and closed at 68.20. Today in the European session, while the Crude Oil technical Analysis March 16, 2023, is prepared at 5:15 GMT, the Crude Oil is trading at 66.95, which is 1.80% lower than Yesterday’s close.
The pair is expected to find support at 65.70 and a fall-through could take it to the next support level of 65.00 The pair is expected to find its first resistance at 68.50 and a rise-through could take it to the next resistance level of 70.80. Today’s expected trading range is between 63.00 support and 72.40 resistance.
The expected trend for today is Bearish
Important support levels:
Support 1: 65.70
Support 2: 65.00
Support 3: 63.00
Important resistance levels:
Resistance 1: 68.50
Resistance 2: 70.80
Resistance 3: 72.40