Crude Oil Technical Analysis 6 June 2022
Crude Oil rose 2.33% against the USD on Friday and closed at 118.68. 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 117.80, which is 0.73% lower than Yesterday’s close.
The pair is expected to find support at 116.20 and a fall through could take it to the next support level of 115.35 The pair is expected to find its first resistance at 119.00 and a rise through could take it to the next resistance level of 120.50. Today’s expected trading range is between 113.75 support and 122.00 resistance.
The expected trend for today is Bullish
Important support levels:
Support 1: 116.20
Support 2: 115.35
Support 3: 113.75
Important resistance levels:
Resistance 1: 119.00
Resistance 2: 120.50
Resistance 3: 122.00