Crude Oil Technical Analysis July 1, 2022
Crude Oil declined 3.43% against the USD on Thursday and closed at 104.60. Today in the European session, while Crude Oil technical Analysis 31 May 2022, is preparing at 11:45 GMT, the Crude Oil is trading at 107.20, which is 2.51% higher than Yesterday’s close.
The pair is expected to find support at 103.20 and a fall through could take it to the next support level of 102.70 The pair is expected to find its first resistance at 107.75 and a rise through could take it to the next resistance level of 111.15. Today’s expected trading range is between 107.50 support and 111.15 resistance.
The expected trend for today is Bullish
Important support levels:
Support 1: 103.20
Support 2: 102.70
Support 3: 101.20
Important resistance levels:
Resistance 1: 107.75
Resistance 2: 109.00
Resistance 3: 111.15