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Crude Oil Technical Analysis Aug 23, 2023

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Crude Oil Technical Analysis Aug 23, 2023

Crude Oil declined 0.79% against the USD on Tuesday and closed at 80.10. Today in the European session, while the Crude Oil technical Analysis Aug 23, 2023, is prepared at 5:15 GMT, the Crude Oil is trading at 78.80, which is 1.57% lower than Yesterday’s close.

The pair is expected to find support at 78.75 and a fall-through could take it to the next support level of 78.40 The pair is expected to find its first resistance at 79.60 and a rise-through could take it to the next resistance level of 79.00. Today’s expected trading range is between 78.00 support and 88.00 resistance.

The expected trend for today is Bearish

Important support levels:

Support 1: 78.75
Support 2: 78.40
Support 3: 78.00

Important resistance levels:

Resistance 1: 79.60
Resistance 2: 79.00
Resistance 3: 80.80

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