Crude Oil Technical Analysis October 17, 2023
Crude Oil declined 0.77% against the USD on Monday and closed at 87.16. Today in the European session, while the Crude Oil technical Analysis October 17, 2023, is prepared at 5:15 GMT, the Crude Oil is trading at 86.80, which is 0.40% lower than Yesterday’s close.
The pair is expected to find support at 86.25 and a fall-through could take it to the next support level of 85.45 The pair is expected to find its first resistance at 87.40 and a rise-through could take it to the next resistance level of 88.20. Today’s expected trading range is between 84.80 support and 89.00 resistance.
The expected trend for today is Bullish
Important support levels:
Support 1: 86.25
Support 2: 85.45
Support 3: 84.80
Important resistance levels:
Resistance 1: 87.40
Resistance 2: 88.20
Resistance 3: 89.00