Crude Oil Technical Analysis June 7, 2023
Crude Oil declined 0.69% against the USD on Tuesday and closed at 71.54. Today in the European session, while the Crude Oil technical Analysis June 7, 2023, is prepared at 5:15 GMT, the Crude Oil is trading at 72.73, which is 1.66% lower than Yesterday’s close.
The pair is expected to find support at 71.15 and a fall-through could take it to the next support level of 70.30 The pair is expected to find its first resistance at 73.00 and a rise-through could take it to the next resistance level of 73.80. Today’s expected trading range is between 68.85 support and 74.25 resistance.
The expected trend for today is Bullish
Important support levels:
Support 1: 71.15
Support 2: 70.30
Support 3: 68.85
Important resistance levels:
Resistance 1: 73.00
Resistance 2: 73.80
Resistance 3: 74.25