Crude Oil Technical Analysis October 6, 2022
Crude Oil rose 1.85% against the USD on Wednesday and closed at 88.19. Today in the European session, while the Crude Oil technical Analysis October 6, 2022, is prepared at 5:15 GMT, the Crude Oil is trading at 87.80, which is 0.43% lower than Yesterday’s close.
The pair is expected to find support at 87.60 and a fall through could take it to the next support level of 86.20 The pair is expected to find its first resistance at 88.70 and a rise through could take it to the next resistance level of 89.30. Today’s expected trading range is between 85.60 support and 90.20 resistance.
The expected trend for today is Bearish
Important support levels:
Support 1: 87.60
Support 2: 86.20
Support 3: 85.60
Important resistance levels:
Resistance 1: 88.70
Resistance 2: 89.30
Resistance 3: 90.20