Crude Oil Technical Analysis July 29, 2022
Crude Oil declined 0.85% against the USD on Thursday and closed at 99.15. Today in the European session, while the Crude Oil technical Analysis July 29, 2022, is preparing at 5:15 GMT, the Crude Oil is trading at 99.90, which is 0.72% higher than Yesterday’s close.
The pair is expected to find support at 98.20 and a fall through could take it to the next support level of 97.90 The pair is expected to find its first resistance at 101.60 and a rise through could take it to the next resistance level of 103.60. Today’s expected trading range is between 96.30 support and 105.70 resistance.
The expected trend for today is Bullish
Important support levels:
Support 1: 98.20
Support 2: 97.90
Support 3: 96.30
Important resistance levels:
Resistance 1: 101.60
Resistance 2: 103.60
Resistance 3: 105.70