Crude Oil Technical Analysis August 9, 2022
Crude Oil declined 3.41% against the USD on Monday and closed at 91.32. Today in the European session, while the Crude Oil technical Analysis August 9, 2022, is preparing at 5:15 GMT, the Crude Oil is trading at 45.61, which is 0.97% lower 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 87.20 The pair is expected to find its first resistance at 91.70 and a rise through could take it to the next resistance level of 93.00. Today’s expected trading range is between 85.00 support and 94.00 resistance.
The expected trend for today is Bullish
Important support levels:
Support 1: 89.90
Support 2: 87.20
Support 3: 85.00
Important resistance levels:
Resistance 1: 91.70
Resistance 2: 93.00
Resistance 3: 94.00