Crude Oil Technical Analysis October 11, 2022
Crude Oil declined 2.52% against the USD on Monday and closed at 90.91. Today in the European session, while the Crude Oil technical Analysis October 11, 2022, is prepared at 5:15 GMT, the Crude Oil is trading at 89.77, which is 1.28% lower than Yesterday’s close.
The pair is expected to find support at 88.60 and a fall through could take it to the next support level of 88.00 The pair is expected to find its first resistance at 91.00 and a rise through could take it to the next resistance level of 91.80. Today’s expected trading range is between 87.20 support and 93.50 resistance.
The expected trend for today is Bearish
Important support levels:
Support 1: 88.60
Support 2: 88.00
Support 3: 87.20
Important resistance levels:
Resistance 1: 91.00
Resistance 2: 91.80
Resistance 3: 93.50