Crude Oil Technical Analysis October 4, 2022
Crude Oil rose 2.12% against the USD on Monday and closed at 83.50. Today in the European session, while the Crude Oil technical Analysis October 4, 2022, is prepared at 5:15 GMT, the Crude Oil is trading at 83.53, which is 1.20% higher than Yesterday’s close.
The pair is expected to find support at 83.35 and a fall through could take it to the next support level of 81.75 The pair is expected to find its first resistance at 84.65 and a rise through could take it to the next resistance level of 85.00. Today’s expected trading range is between 79.40 support and 86.80 resistance.
The expected trend for today is Bullish
Important support levels:
Support 1: 83.35
Support 2: 81.75
Support 3: 79.40
Important resistance levels:
Resistance 1: 84.65
Resistance 2: 85.00
Resistance 3: 86.80