Crude Oil Technical Analysis February 16, 2023
Crude Oil declined 0.43% against the USD on Wednesday and closed at 78.49. Today in the European session, while the Crude Oil technical Analysis February 16, 2023, is prepared at 5:15 GMT, the Crude Oil is trading at 78.50, which is 0.05% higher than Yesterday’s close.
The pair is expected to find support at 78.00 and a fall-through could take it to the next support level of 77.30 The pair is expected to find its first resistance at 79.50 and a rise-through could take it to the next resistance level of 80.00. Today’s expected trading range is between 76.50 support and 80.50 resistance.
The expected trend for today is Bullish
Important support levels:
Support 1: 78.00
Support 2: 77.30
Support 3: 76.50
Important resistance levels:
Resistance 1: 79.50
Resistance 2: 80.00
Resistance 3: 80.50