Crude Oil Technical Analysis August 11, 2022
Crude Oil rose 1.05% against the USD on Wednesday and closed at 92.17. Today in the European session, while the Crude Oil technical Analysis August 11, 2022, is preparing at 5:15 GMT, the Crude Oil is trading at 93.77, which is 1.75% higher than Yesterday’s close.
The pair is expected to find support at 91.80 and a fall through could take it to the next support level of 88.40 The pair is expected to find its first resistance at 94.00 and a rise through could take it to the next resistance level of 96.50. Today’s expected trading range is between 87.20 support and 97.80 resistance.
The expected trend for today is Bullish
Important support levels:
Support 1: 91.80
Support 2: 88.40
Support 3: 87.20
Important resistance levels:
Resistance 1: 94.00
Resistance 2: 96.50
Resistance 3: 97.80