Crude Oil Technical Analysis May 3, 2022
Crude Oil declined 1.22% against the USD on Monday and closed at 104.25. Today in the Asian session, while Crude Oil technical Analysis May 3, 2022, is preparing at 3:45 GMT, the Crude Oil is trading at 104.10, which is 0.14% lower from Yesterday’s close.
The pair is expected to find support at 100.80 and a fall through could take it to the next support level of 99.60 The pair is expected to find its first resistance at 105.00 and a rise through could take it to the next resistance level of 107.00. Today’s expected trading range is between 99.60 support and 109.00 resistance.
The expected trend for today is Bullish
Important support levels:
Support 1: 100.80
Support 2: 99.60
Support 3: 96.80
Important resistance levels:
Resistance 1: 105.00
Resistance 2: 107.00
Resistance 3: 109.00