Crude Oil Technical Analysis 2 June 2022
Crude Oil declined 0.53% against the USD on Wednesday and closed at 113.51. Today in the Asian session, while Crude Oil technical Analysis 31 May 2022, is preparing at 5:45 GMT, the Crude Oil is trading at 111.00, which is 2.17% lower than Yesterday’s close.
The pair is expected to find support at 110.50 and a fall through could take it to the next support level of 108.50 The pair is expected to find its first resistance at 112.25 and a rise through could take it to the next resistance level of 113.00. Today’s expected trading range is between 107.85support and 116.30 resistance.
The expected trend for today is Bearish
Important support levels:
Support 1: 110.50
Support 2: 108.50
Support 3: 107.85
Important resistance levels:
Resistance 1: 112.25
Resistance 2: 113.00
Resistance 3: 116.30