Crude Oil Technical Analysis October 13, 2023
Crude Oil rose 0.36% against the USD on Thursday and closed at 83.81. Today in the European session, while the Crude Oil technical Analysis October 13, 2023, is prepared at 5:15 GMT, the Crude Oil is trading at 87.00, which is 3.85% higher than Yesterday’s close.
The pair is expected to find support at 85.40 and a fall-through could take it to the next support level of 84.00 The pair is expected to find its first resistance at 88.10 and a rise-through could take it to the next resistance level of 87.60. Today’s expected trading range is between 82.65 support and 88.50 resistance.
The expected trend for today is Bullish
Important support levels:
Support 1: 85.40
Support 2: 84.00
Support 3: 82.65
Important resistance levels:
Resistance 1: 87.10
Resistance 2: 87.60
Resistance 3: 88.50