Crude Oil Technical Analysis October 3, 2023
Crude Oil declined 2.32% against the USD on Monday and closed at 89.40. Today in the European session, while the Crude Oil technical Analysis October 3, 2023, is prepared at 5:15 GMT, the Crude Oil is trading at 89.30, which is 0.10% lower than Yesterday’s close.
The pair is expected to find support at 88.40 and a fall-through could take it to the next support level of 87.50 The pair is expected to find its first resistance at 90.30 and a rise-through could take it to the next resistance level of 91.20. Today’s expected trading range is between 86.50 support and 92.40 resistance.
The expected trend for today is Bearish
Important support levels:
Support 1: 88.40
Support 2: 87.50
Support 3: 86.50
Important resistance levels:
Resistance 1: 90.20
Resistance 2: 91.20
Resistance 3: 92.40