Crude Oil Technical Analysis February 17, 2023
Crude Oil declined 0.61% against the USD on Thursday and closed at 78.02. Today in the European session, while the Crude Oil technical Analysis February 17, 2023, is prepared at 5:15 GMT, the Crude Oil is trading at 76.00, which is 2.58% lower than Yesterday’s close.
The pair is expected to find support at 75.75 and a fall-through could take it to the next support level of 74.70 The pair is expected to find its first resistance at 76.50 and a rise-through could take it to the next resistance level of 77.40. Today’s expected trading range is between 74.40 support and 78.00 resistance.
The expected trend for today is Bearish
Important support levels:
Support 1: 75.75
Support 2: 74.70
Support 3: 74.40
Important resistance levels:
Resistance 1: 76.50
Resistance 2: 77.40
Resistance 3: 78.00