Crude Oil Technical Analysis May 24, 2023
Crude Oil rose 2.28% against the USD on Wednesday and closed at 73.77. Today in the European session, while the Crude Oil technical Analysis May 24, 2023, is prepared at 5:15 GMT, the Crude Oil is trading at 74.40, which is 0.83% higher than Yesterday’s close.
The pair is expected to find support at 73.55 and a fall-through could take it to the next support level of 72.50 The pair is expected to find its first resistance at 74.40 and a rise-through could take it to the next resistance level of 75.00. Today’s expected trading range is between 70.70 support and 76.80 resistance.
The expected trend for today is Bullish
Important support levels:
Support 1: 71.55
Support 2: 72.50
Support 3: 70.70
Important resistance levels:
Resistance 1: 74.40
Resistance 2: 75.00
Resistance 3: 76.80