Crude Oil Technical Analysis October 14, 2022
Crude Oil rose 2.32% against the USD on Thursday and closed at 89.26. Today in the European session, while the Crude Oil technical Analysis October 14, 2022, is prepared at 5:15 GMT, the Crude Oil is trading at 87.47, which is 1.97% lower than Yesterday’s close.
The pair is expected to find support at 87.00 and a fall through could take it to the next support level of 86.60 The pair is expected to find its first resistance at 89.70 and a rise through could take it to the next resistance level of 90.00. Today’s expected trading range is between 85.60 support and 90.75 resistance.
The expected trend for today is Bearish
Important support levels:
Support 1: 87.00
Support 2: 86.60
Support 3: 85.60
Important resistance levels:
Resistance 1: 89.70
Resistance 2: 90.50
Resistance 3: 90.75