Crude Oil Technical Analysis May 9, 2022
Crude Oil rose 1.60% against the USD on Friday and closed at 109.20. Today in the Asian session, while Crude Oil technical Analysis May 9, 2022, is preparing at 5:45 GMT, the Crude Oil is trading at 108.97, which is 0.21% lower than Yesterday’s close.
The pair is expected to find support at 107.00 and a fall through could take it to the next support level of 105.50 The pair is expected to find its first resistance at 110.10 and a rise through could take it to the next resistance level of 113.00. Today’s expected trading range is between 104.90 support and 113.00 resistance.
The expected trend for today is Bullish
Important support levels:
Support 1: 107.00
Support 2: 105.50
Support 3: 104.90
Important resistance levels:
Resistance 1: 110.10
Resistance 2: 113.00
Resistance 3: 115.50