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Crude Oil Technical Analysis Sep 4, 2023

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Crude Oil Technical Analysis Sep 4, 2023

Crude Oil rose 2.75% against the USD on Friday and closed at 86.25. Today in the European session, while the Crude Oil technical Analysis Sep 4, 2023, is prepared at 5:15 GMT, the Crude Oil is trading at 85.97, which is 0.36% lower than Yesterday’s close.

The pair is expected to find support at 84.80 and a fall-through could take it to the next support level of 84.00 The pair is expected to find its first resistance at 87.30 and a rise-through could take it to the next resistance level of 88.00. Today’s expected trading range is between 83.00 support and 89.00 resistance.

The expected trend for today is Bullish

Important support levels:

Support 1: 84.80
Support 2: 84.00
Support 3: 83.00

Important resistance levels:

Resistance 1: 87.30
Resistance 2: 88.00
Resistance 3: 89.00

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