Crude Oil Technical Analysis October 20, 2022
Crude Oil rose 2.21% against the USD on Wednesday and closed at 85.59. Today in the European session, while the Crude Oil technical Analysis October 20, 2022, is prepared at 5:15 GMT, the Crude Oil is trading at 86.81, which is 1.44% higher than Yesterday’s close.
The pair is expected to find support at 84.80 and a fall through could take it to the next support level of 83.15 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 88.00. Today’s expected trading range is between 82.30 support and 89.70 resistance.
The expected trend for today is Bullish
Important support levels:
Support 1: 84.80
Support 2: 83.15
Support 3: 82.30
Important resistance levels:
Resistance 1: 87.00
Resistance 2: 88.00
Resistance 3: 89.70