Crude Oil Technical Analysis May 31, 2023
Crude Oil declined 4.55% against the USD on Tuesday and closed at 69.61. Today in the European session, while the Crude Oil technical Analysis May 31, 2023, is prepared at 5:15 GMT, the Crude Oil is trading at 69.00, which is 0.85% lower than Yesterday’s close.
The pair is expected to find support at 68.00 and a fall-through could take it to the next support level of 67.50 The pair is expected to find its first resistance at 67.65 and a rise-through could take it to the next resistance level of 71.00. Today’s expected trading range is between 66.00 support and 72.00 resistance.
The expected trend for today is Bearish
Important support levels:
Support 1: 68.00
Support 2: 67.50
Support 3: 66.00
Important resistance levels:
Resistance 1: 67.65
Resistance 2: 71.00
Resistance 3: 72.00