Crude Oil Technical Analysis February 6, 2023
Crude Oil declined 3.52% against the USD on Friday and closed at 73.10. Today in the European session, while the Crude Oil technical Analysis February 6, 2023, is prepared at 5:15 GMT, the Crude Oil is trading at 73.75, which is 0.93% higher than Yesterday’s close.
The pair is expected to find support at 73.00 and a fall-through could take it to the next support level of 72.50 The pair is expected to find its first resistance at 74.90 and a rise-through could take it to the next resistance level of 76.30. Today’s expected trading range is between 70.50 support and 77.80 resistance.
The expected trend for today is Bearish
Important support levels:
Support 1: 73.00
Support 2: 72.50
Support 3: 70.50
Important resistance levels:
Resistance 1: 74.90
Resistance 2: 76.30
Resistance 3: 77.80