Crude Oil Technical Analysis June 30, 2022
Crude Oil declined 2.09% against the USD on Wednesday In some someway it was closed at 108.18. Asper the European session. Asper Crude Oil technical Analysis 31 May 2022, is preparing at 11:45 GMT, the Crude Oil is trading at 108.11, In conclusion, which is 1.03% lower than Yesterday’s close.
Therefore pair is expected to find support at 106.50 and a fall through could take it to the next support level of 105.00. Similarly, the pair is expected to find its first resistance at 109.50 and a rise through could take it to the next resistance level of 111.15. In fact, we can say the expected trading range is between 107.50 support and 116.15 resistance.
The expected trend for today is Bearish
Important support levels:
Support 1: 106.50
Support 2: 105.00
Support 3: 102.80
Important resistance levels:
Resistance 1: 109.50
Resistance 2: 111.15
Resistance 3: 112.60