Crude Oil Technical Analysis August 25, 2022
Crude Oil rose 1.77% against the USD on Wednesday and closed at 95.63. Today in the European session, while the Crude Oil technical Analysis August 25, 2022, is preparing at 5:15 GMT, the Crude Oil is trading at 94.94, which is 0.71% lower than Yesterday’s close.
The pair is expected to find support at 93.70 and a fall through could take it to the next support level of 93.10 The pair is expected to find its first resistance at 95.90 and a rise through could take it to the next resistance level of 97.80. Today’s expected trading range is between 92.00 support and 101.50 resistance.
The expected trend for today is Bullish
Important support levels:
Support 1: 93.70
Support 2: 93.10
Support 3: 92.00
Important resistance levels:
Resistance 1: 95.90
Resistance 2: 97.80
Resistance 3:101.50