Crude Oil Technical Analysis May 2, 2023
Crude Oil declined 1.12% against the USD on Monday and closed at 75.76. Today in the European session, while the Crude Oil technical Analysis May 2, 2023, is prepared at 5:15 GMT, the Crude Oil is trading at 74.57, which is 1.57% lower than Yesterday’s close.
The pair is expected to find support at 74.50 and a fall-through could take it to the next support level of 74.00 The pair is expected to find its first resistance at 75.80 and a rise-through could take it to the next resistance level of 76.80. Today’s expected trading range is between 72.70 support and 77.85 resistance.
The expected trend for today is Bearish
Important support levels:
Support 1: 74.50
Support 2: 74.00
Support 3: 72.70
Important resistance levels:
Resistance 1: 75.80
Resistance 2: 76.80
Resistance 3: 77.85