Crude Oil Technical Analysis August 3, 2021
Crude Oil declined 3.17% against the USD on Monday and closed at 71.08. Today in the Asian session, while Crude Oil technical Analysis August 3, 2021 is preparing at 4:45 GMT, the Crude Oil trading at 71.42, which is 0.48% higher from Yesterday’s close.
The pair is expected to find support at 70.25 and a fall through could take it to the next support level of 69.70 The pair is expected to find its first resistance at 71.50 and a rise through could take it to the next resistance level of 72.90. Today’s expected trading range is between 68.50 support and 73.80 resistance.
The expected trend for today is Bearish
Important support levels:
Support 1: 70.25
Support 2: 69.70
Support 3: 68.50
Important resistance levels:
Resistance 1: 71.50
Resistance 2: 72.90
Resistance 3: 73.80