Crude Oil Technical Analysis December 6, 2022
Crude Oil declined 3.18% against the USD on Monday and closed at 77.55. Today in the European session, while the Crude Oil technical Analysis December 6, 2022, is prepared at 5:15 GMT, the Crude Oil is trading at 76.71, which is 1.10% lower than Yesterday’s close.
The pair is expected to find support at 76.00 and a fall through could take it to the next support level of 75.40 The pair is expected to find its first resistance at 78.00 and a rise through could take it to the next resistance level of 80.00. Today’s expected trading range is between 73.90 support and 81.30 resistance.
The expected trend for today is Bearish
Important support levels:
Support 1: 76.00
Support 2: 75.40
Support 3: 73.90
Important resistance levels:
Resistance 1: 78.00
Resistance 2: 80.00
Resistance 3: 81.30