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Crude Oil Technical Analysis Aug 22, 2023

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Crude Oil Technical Analysis Aug 22, 2023

Crude Oil declined 0.59% against the USD on Monday and closed at 80.69. Today in the European session, while the Crude Oil technical Analysis Aug 22, 2023, is prepared at 5:15 GMT, the Crude Oil is trading at 80.35, which is 0.42% lower than Yesterday’s close.

The pair is expected to find support at 80.00 and a fall-through could take it to the next support level of 79.55 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 82.15. Today’s expected trading range is between 79.00 support and 83.00 resistance.

The expected trend for today is Bearish

Important support levels:

Support 1: 80.00
Support 2: 79.55
Support 3: 79.00

Important resistance levels:

Resistance 1: 81.00
Resistance 2: 82.15
Resistance 3: 83.00

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