Crude Oil Technical Analysis May 18, 2022
Crude Oil declined 1.12% against the USD on Tuesday and closed at 110.20. Today in the Asian session, while Crude Oil technical Analysis May 18, 2022, is preparing at 5:45 GMT, the Crude Oil is trading at 112.07, which is 1.67% higher than Yesterday’s close.
The pair is expected to find support at 109.00 and a fall through could take it to the next support level of 107.00 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 113.00. 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: 109.00
Support 2: 107.00
Support 3: 106.40
Important resistance levels:
Resistance 1: 112.50
Resistance 2: 113.00
Resistance 3: 115.70