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Crude Oil Technical Analysis May 26, 2023

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Crude Oil Technical Analysis May 26, 2023

Crude Oil declined 3.22% against the USD on Thursday and closed at 71.82. Today in the European session, while the Crude Oil technical Analysis May 26, 2023, is prepared at 5:15 GMT, the Crude Oil is trading at 71.95, which is 0.18% higher than Yesterday’s close.

The pair is expected to find support at 71.00 and a fall-through could take it to the next support level of 70.70 The pair is expected to find its first resistance at 72.60 and a rise-through could take it to the next resistance level of 73.35. Today’s expected trading range is between 69.40 support and 74.70 resistance.

The expected trend for today is Bearish

Important support levels:

Support 1: 71.00
Support 2: 70.70
Support 3: 69.40

Important resistance levels:

Resistance 1: 72.60
Resistance 2: 73.35
Resistance 3: 74.70

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