Crude Oil Technical Analysis October 11, 2023
Crude Oil declined 0.63% against the USD on Tuesday and closed at 86.27. Today in the European session, while the Crude Oil technical Analysis October 11, 2023, is prepared at 5:15 GMT, the Crude Oil is trading at 86.00, which is 0.30% lower than Yesterday’s close.
The pair is expected to find support at 85.50 and a fall-through could take it to the next support level of 83.70 The pair is expected to find its first resistance at 86.80 and a rise-through could take it to the next resistance level of 87.00. Today’s expected trading range is between 82.10 support and 88.50 resistance.
The expected trend for today is Bearish
Important support levels:
Support 1: 85.50
Support 2: 83.70
Support 3: 82.10
Important resistance levels:
Resistance 1: 86.80
Resistance 2: 87.00
Resistance 3: 88.50