Crude Oil Technical Analysis October 10, 2023
Crude Oil rose 1.79% against the USD on Monday and closed at 86.80. Today in the European session, while the Crude Oil technical Analysis October 10, 2023, is prepared at 5:15 GMT, the Crude Oil is trading at 86.70, which is 0.13% lower than Yesterday’s close.
The pair is expected to find support at 85.30 and a fall-through could take it to the next support level of 84.50 The pair is expected to find its first resistance at 87.00 and a rise-through could take it to the next resistance level of 88.50. Today’s expected trading range is between 83.70 support and 89.80 resistance.
The expected trend for today is Bullish
Important support levels:
Support 1: 85.30
Support 2: 84.50
Support 3: 83.70
Important resistance levels:
Resistance 1: 87.00
Resistance 2: 88.50
Resistance 3: 89.80