Crude Oil Technical Analysis June 29, 2022
Crude Oil rose 1.87% against the USD on Tuesday and closed at 110.86. 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 112.00, which is 1.09% higher than Yesterday’s close.
The pair is expected to find support at 109.55 and a fall through could take it to the next support level of 108.55 The pair is expected to find its first resistance at 112.75 and a rise through could take it to the next resistance level of 114.30. Today’s expected trading range is between 107.50 support and 116.15 resistance.
The expected trend for today is Bullish
Important support levels:
Support 1: 109.55
Support 2: 108.55
Support 3: 107.50
Important resistance levels:
Resistance 1: 112.75
Resistance 2: 114.30
Resistance 3: 116.15