Crude Oil Technical Analysis May 10, 2023
Crude Oil rose 0.90% against the USD on Tuesday and closed at 73.53. Today in the European session, while the Crude Oil technical Analysis May 10, 2023, is prepared at 5:15 GMT, the Crude Oil is trading at 73.00, which is 0.60% lower than Yesterday’s close.
The pair is expected to find support at 72.50 and a fall-through could take it to the next support level of 71.50 The pair is expected to find its first resistance at 73.70 and a rise-through could take it to the next resistance level of 74.50. Today’s expected trading range is between 69.70 support and 76.00 resistance.
The expected trend for today is Bullish
Important support levels:
Support 1: 72.50
Support 2: 61.50
Support 3: 69.70
Important resistance levels:
Resistance 1: 73.70
Resistance 2: 74.50
Resistance 3: 76.00