Crude Oil Technical Analysis December 22, 2022
Crude Oil rose 3.05% against the USD on Wednesday and closed at 78.34. Today in the European session, while the Crude Oil technical Analysis December 22, 2022, is prepared at 5:15 GMT, the Crude Oil is trading at 79.00, which is 0.97% higher than Yesterday’s close.
The pair is expected to find support at 78.80 and a fall through could take it to the next support level of 77.60 The pair is expected to find its first resistance at 79.80 and a rise through could take it to the next resistance level of 80.30. Today’s expected trading range is between 76.50 support and 83.50 resistance.
The expected trend for today is Bullish
Important support levels:
Support 1: 78.80
Support 2: 77.60
Support 3: 76.50
Important resistance levels:
Resistance 1: 79.80
Resistance 2: 80.30
Resistance 3: 83.50