Crude Oil Technical Analysis December 5, 2022
Crude Oil declined 1.42% against the USD on Friday and closed at 80.58. Today in the European session, while the Crude Oil technical Analysis December 5, 2022, is prepared at 5:15 GMT, the Crude Oil is trading at 82.27, which is 2.10% higher than Yesterday’s close.
The pair is expected to find support at 80.25 and a fall through could take it to the next support level of 79.50 The pair is expected to find its first resistance at 82.50 and a rise through could take it to the next resistance level of 83.50. Today’s expected trading range is between 78.50 support and 84.00 resistance.
The expected trend for today is Bullish
Important support levels:
Support 1: 80.25
Support 2: 79.50
Support 3: 78.50
Important resistance levels:
Resistance 1: 82.50
Resistance 2: 83.50
Resistance 3: 84.00