Crude Oil Technical Analysis August 5, 2022
Crude Oil declined 3.49% against the USD on Thursday and closed at 88.98. Today in the European session, while the Crude Oil technical Analysis August 5, 2022, is preparing at 5:15 GMT, the Crude Oil is trading at 89.61, which is 0.71% higher than Yesterday’s close.
The pair is expected to find support at 88.90 and a fall through could take it to the next support level of 86.50 The pair is expected to find its first resistance at 90.50 and a rise through could take it to the next resistance level of 91.50. Today’s expected trading range is between 85.00 support and 93.00 resistance.
The expected trend for today is Bearish
Important support levels:
Support 1: 88.90
Support 2: 86.50
Support 3: 85.00
Important resistance levels:
Resistance 1: 90.50
Resistance 2: 91.50
Resistance 3: 93.00