Crude Oil Technical Analysis July 8, 2022
Crude Oil rose 4.25% against the USD on Thursday and closed at 99.788. 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 100.30, which is 0.43% higher than Yesterday’s close.
The pair is expected to find support at 99.20 and a fall through could take it to the next support level of 95.50 The pair is expected to find its first resistance at 101.20 and a rise through could take it to the next resistance level of 101.80. Today’s expected trading range is between 93.30 support and 102.80 resistance.
The expected trend for today is Bullish
Important support levels:
Support 1: 99.20
Support 2: 95.50
Support 3: 93.30
Important resistance levels:
Resistance 1: 101.20
Resistance 2: 101.80
Resistance 3: 102.80