Crude Oil Technical Analysis Aug 9, 2023
Crude Oil rose 0.36% against the USD on Tuesday and closed at 82.82. Today in the European session, while the Crude Oil technical Analysis Aug 9, 2023, is prepared at 5:15 GMT, the Crude Oil is trading at 83.71, which is 1.07% higher than Yesterday’s close.
The pair is expected to find support at 82.70 and a fall-through could take it to the next support level of 81.60 The pair is expected to find its first resistance at 84.00 and a rise-through could take it to the next resistance level of 85.00. Today’s expected trading range is between 80.00 support and 87.00 resistance.
The expected trend for today is Bullish
Important support levels:
Support 1: 82.70
Support 2: 81.60
Support 3: 80.00
Important resistance levels:
Resistance 1: 84.00
Resistance 2: 85.00
Resistance 3: 87.00