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Crude Oil Technical Analysis May 4, 2022

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Crude Oil Technical Analysis May 4, 2022

Crude Oil declined 1.46% against the USD on Tuesday and closed at 102.50. Today in the Asian session, while Crude Oil technical Analysis May 4, 2022, is preparing at 3:45 GMT, the Crude Oil is trading at 105.25, which is 2.67% lower from Yesterday’s close.

The pair is expected to find support at 101.40 and a fall through could take it to the next support level of 99.60 The pair is expected to find its first resistance at 106.95 and a rise through could take it to the next resistance level of 108.00. Today’s expected trading range is between 99.60 support and 109.00 resistance.

The expected trend for today is Bullish

Important support levels:

Support 1: 101.40
Support 2: 99.60
Support 3: 96.80

Important resistance levels:

Resistance 1: 106.95
Resistance 2: 108.00
Resistance 3: 109.00

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