Crude Oil Technical Analysis October 22, 2018
The Crude Oil rose 1.03% against the USD on Friday and closed at 69.39. Today in the European session while Crude Oil technical analysis October 22, 2018 is preparing at 10:45 GMT, the Crude Oil trading at 69.70, which is 0.44% higher from Yesterday’s close.
Crude Oil technical analysis 22 October 2018
The pair is expected to find support at 68.68 and a fall through could take it to the next support level of 68.00. The pair is expected to find its first resistance at 69.96, and a rise through could take it to the next resistance level of 70.54. For today the expected trading range is between 68.00, Support and 70.54 Resistance.
The expected trend for today is Bullish
Supports Levels: Support 1: 68.68 Support 2: 68.00 Support 3: 67.42
Resistance Levels: Resistance 1: 69.96 Resistance 2: 70.54 Resistance 3: 71.23
Crude Oil Buying Opportunity for Intraday Trading October 22, 2018
Buy near the support area 68.68 and 68.00 as soon as you get reversal candlesticks patterns using stop loss 4 pips below the reversal candlestick & keep target equal to stop loss.
Crude Oil Selling Opportunity for Intraday Trading October 22, 2018
Sell near the resistance area 69.96 and 70.54 as soon as you get reversal candlesticks patterns using stop loss 4 pips above the reversal candlestick & keep target equal to stop loss.