Crude Oil Technical Analysis 31 May 2022
Crude Oil rose 1.67% against the USD on Monday and closed at 115.70. 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 117.75, which is 1.75% higher than Yesterday’s close.
The pair is expected to find support at 116.65 and a fall through could take it to the next support level of 115.15 The pair is expected to find its first resistance at 118.00 and a rise through could take it to the next resistance level of 120.00. Today’s expected trading range is between 114.25 support and 122.00 resistance.
The expected trend for today is Bullish
Important support levels:
Support 1: 116.65
Support 2: 115.15
Support 3: 114.25
Important resistance levels:
Resistance 1: 118.00
Resistance 2: 120.00
Resistance 3: 122.00