Crude Oil Technical Analysis October 5, 2023
Crude Oil declined 5.53% against the USD on Wednesday and closed at 85.00. Today in the European session, while the Crude Oil technical Analysis October 5, 2023, is prepared at 5:15 GMT, the Crude Oil is trading at 88.15, which is 1.10% lower than Yesterday’s close.
The pair is expected to find support at 83.00 and a fall-through could take it to the next support level of 82.00 The pair is expected to find its first resistance at 85.40 and a rise-through could take it to the next resistance level of 86.85. Today’s expected trading range is between 79.80 support and 88.50 resistance.
The expected trend for today is Bearish
Important support levels:
Support 1: 83.00
Support 2: 82.00
Support 3: 79.80
Important resistance levels:
Resistance 1: 85.40
Resistance 2: 86.85
Resistance 3: 88.50