Crude Oil Technical Analysis April 11, 2023
Crude Oil declined 0.99% against the USD on Monday and closed at 79.86. Today in the European session, while the Crude Oil technical Analysis April 11, 2023, is prepared at 5:15 GMT, the Crude Oil is trading at 80.00, which is 0.18% higher than Yesterday’s close.
The pair is expected to find support at 79.70 and a fall-through could take it to the next support level of 78.20 The pair is expected to find its first resistance at 81.00 and a rise-through could take it to the next resistance level of 81.60. Today’s expected trading range is between 78.90 support and 82.00 resistance.
The expected trend for today is Bearish
Important support levels:
Support 1: 79.70
Support 2: 79.20
Support 3: 78.90
Important resistance levels:
Resistance 1: 81.00
Resistance 2: 81.60
Resistance 3: 82.00