Crude Oil Technical Analysis August 5, 2021
Crude Oil declined 3.34% against the USD on Wednesday and closed at 67.75. Today in the Asian session, while Crude Oil technical Analysis August 5, 2021 is preparing at 4:45 GMT, the Crude Oil trading at 68.35, which is 0.90% higher from Yesterday’s close.
The pair is expected to find support at 68.80 and a fall through could take it to the next support level of 68.50 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 65.00 support and 71.50 resistance.
The expected trend for today is Bearish
Important support levels:
Support 1: 67.40
Support 2: 66.70
Support 3: 65.00
Important resistance levels:
Resistance 1: 69.70
Resistance 2: 70.40
Resistance 3: 71.50