Crude Oil Technical Analysis May 2, 2022
Crude Oil declined 0.62% against the USD on Friday and closed at 103.55. Today in the Asian session, while Crude Oil technical Analysis May 2, 2022, is preparing at 2:45 GMT, the Crude Oil is trading at 102.75, which is 0.77% lower from Yesterday’s close.
The pair is expected to find support at 102.10 and a fall through could take it to the next support level of 99.50 The pair is expected to find its first resistance at 104.75 and a rise through could take it to the next resistance level of 107.00. Today’s expected trading range is between 96.80 support and 108.90 resistance.
The expected trend for today is Bearish
Important support levels:
Support 1: 102.10
Support 2: 99.50
Support 3: 96.80
Important resistance levels:
Resistance 1: 104.75
Resistance 2: 107.00
Resistance 3: 108.90