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Crude Oil Technical Analysis May 17, 2022

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Crude Oil Technical Analysis May 17, 2022

Crude Oil rose 2.57% against the USD on Monday and closed at 111.90. Today in the Asian session, while Crude Oil technical Analysis May 17, 2022, is preparing at 5:45 GMT, the Crude Oil is trading at 111.47, which is 0.40% lower than Yesterday’s close.

The pair is expected to find support at 110.00 and a fall through could take it to the next support level of 108.00 The pair is expected to find its first resistance at 112.50 and a rise through could take it to the next resistance level of 114.20. Today’s expected trading range is between 106.40 support and 115.70 resistance.

The expected trend for today is Bullish

Important support levels:

Support 1: 110.00
Support 2: 108.00
Support 3: 106.40

Important resistance levels:

Resistance 1: 112.50
Resistance 2: 114.20
Resistance 3: 115.70

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