Crude Oil Technical Analysis August 23, 2022
Crude Oil declined 1.31% against the USD on Monday and closed at 90.90. Today in the European session, while the Crude Oil technical Analysis August 23, 2022, is preparing at 5:15 GMT, the Crude Oil is trading at 92.21, which is 1.45% higher than Yesterday’s close.
The pair is expected to find support at 90.90 and a fall through could take it to the next support level of 86.60 The pair is expected to find its first resistance at 92.60 and a rise through could take it to the next resistance level of 93.00. Today’s expected trading range is between 85.90 support and 95.50 resistance.
The expected trend for today is Bullish
Important support levels:
Support 1: 90.90
Support 2: 86.60
Support 3: 85.90
Important resistance levels:
Resistance 1: 92.60
Resistance 2: 93.00
Resistance 3: 95.50