Crude Oil Technical Analysis January 19, 2023
Crude Oil declined 2.24% against the USD on Wednesday and closed at 79.13. Today in the European session, while the Crude Oil technical Analysis January 19, 2023, is prepared at 5:15 GMT, the Crude Oil is trading at 78.85, which is 0.32% lower 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 77.00 The pair is expected to find its first resistance at 79.30 and a rise-through could take it to the next resistance level of 80.00. Today’s expected trading range is between 75.80 support and 82.30 resistance.
The expected trend for today is Bearish
Important support levels:
Support 1: 78.00
Support 2: 77.20
Support 3: 75.80
Important resistance levels:
Resistance 1: 79.30
Resistance 2: 80.00
Resistance 3: 82.30