Crude Oil Technical Analysis July 12, 2022
Crude Oil declined 0.87% against the USD on Monday and closed at 101.12. Today in the European session, while Crude Oil technical Analysis 31 May 2022, is preparing at 5:15 GMT, the Crude Oil is trading at 99.20, which is 1.87% lower than Yesterday’s close.
The pair is expected to find support at 98.75 and a fall through could take it to the next support level of 96.60 The pair is expected to find its first resistance at 100.80 and a rise through could take it to the next resistance level of 102.00. Today’s expected trading range is between 93.30 support and 103.00 resistance.
The expected trend for today is Bearish
Important support levels:
Support 1: 98.75
Support 2: 96.60
Support 3: 93.30
Important resistance levels:
Resistance 1: 100.80
Resistance 2: 102.00
Resistance 3: 103.00