Crude Oil Technical Analysis May 19, 2022
Crude Oil declined 3.73% against the USD on Wednesday and closed at 106.48. Today in the Asian session, while Crude Oil technical Analysis May 19, 2022, is preparing at 5:45 GMT, the Crude Oil is trading at 104.40, which is 1.90% lower than Yesterday’s close.
The pair is expected to find support at 104.20 and a fall through could take it to the next support level of 102.90 The pair is expected to find its first resistance at 108.00 and a rise through could take it to the next resistance level of 109.00. Today’s expected trading range is between 101.40 support and 112.20 resistance.
The expected trend for today is Bearish
Important support levels:
Support 1: 104.20
Support 2: 102.90
Support 3: 101.40
Important resistance levels:
Resistance 1: 108.00
Resistance 2: 109.00
Resistance 3: 112.20