Crude Oil Technical Analysis May 25, 2023
Crude Oil rose 0.67% against the USD on Wednesday and closed at 74.22. Today in the European session, while the Crude Oil technical Analysis May 25, 2023, is prepared at 5:15 GMT, the Crude Oil is trading at 72.85, which is 1.83% 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 71.55 The pair is expected to find its first resistance at 74.25 and a rise-through could take it to the next resistance level of 74.70. Today’s expected trading range is between 70.70 support and 76.80 resistance.
The expected trend for today is Bearish
Important support levels:
Support 1: 72.50
Support 2: 71.55
Support 3: 70.70
Important resistance levels:
Resistance 1: 74.25
Resistance 2: 74.70
Resistance 3: 76.80