Crude Oil Technical Analysis June 20, 2022
Crude Oil declined 5.42% against the USD on Friday and closed at 108.25. Today in the Asian session, while Crude Oil technical Analysis 31 May 2022, is preparing at 5:45 GMT, the Crude Oil is trading at 107.90, which is 0.33% lower than Yesterday’s close.
The pair is expected to find support at 106.20 and a fall through could take it to the next support level of 104.20 The pair is expected to find its first resistance at 109.00 and a rise through could take it to the next resistance level of 110.30. Today’s expected trading range is between 103.00 support and 112.50 resistance.
The expected trend for today is Bearish
Important support levels:
Support 1: 106.20
Support 2: 104.20
Support 3: 103.00
Important resistance levels:
Resistance 1: 109.00
Resistance 2: 110.30
Resistance 3: 112.50