Crude Oil Technical Analysis June 6, 2023
Crude Oil declined 3.05% against the USD on Monday and closed at 71.85. Today in the European session, while the Crude Oil technical Analysis June 6, 2023, is prepared at 5:15 GMT, the Crude Oil is trading at 70.68, which is 1.63% lower than Yesterday’s close.
The pair is expected to find support at 70.30 and a fall-through could take it to the next support level of 69.00 The pair is expected to find its first resistance at 72.00 and a rise-through could take it to the next resistance level of 73.80. Today’s expected trading range is between 67.20 support and 74.25 resistance.
The expected trend for today is Bearish
Important support levels:
Support 1: 70.30
Support 2: 69.00
Support 3: 67.20
Important resistance levels:
Resistance 1: 72.00
Resistance 2: 73.00
Resistance 3: 74.25