Crude Oil Technical Analysis 22 April 2020
Crude Oil Technical Analysis : The Crude Oil sharply declined 36.28% against the USD on Monday and closed at 14.05. Today in the Asian session while Crude Oil technical Analysis 22 April 2020 is preparing at 6:45 GMT, the Crude Oil trading at 13.17, which is 6.26% lower from Yesterday’s close.
The pair is expected to find support at 12.00 and a fall through could take it to the next support level of 07.90 The pair is expected to find its first resistance at 25.00 and a rise through could take it to the next resistance level of 20.50. For today the expected trading range is between 06.80 Support and 20.30 Resistance.
The expected trend for today is Bearish
Supports Levels: Support 1: 12.00, Support 2: 07.90, Support 3: 06.80
Resistance Levels: Resistance 1: 15.00, Resistance 2: 20.50, Resistance 3: 23.30
Crude Oil Buying Opportunity for Intraday Trading 22 April 2020
Buy near the support area 12.00 and 07.90 as soon as you get reversal candlesticks patterns using stop loss 2 pips below the low of reversal candlestick & keep target equal to stop loss.
Crude Oil Selling Opportunity for Intraday Trading 22 April 2020
Sell near the resistance area 15.00 and 20.50 as soon as you get reversal candlesticks patterns using stop loss 2 pips above the high of reversal candlestick & keep target equal to stop loss.