Crude Oil Technical Analysis 24 April 2020
Crude Oil Technical Analysis : The Crude Oil rose 13.61% against the USD on Thursday and closed at 18.22. Today in the European session while Crude Oil technical Analysis 24 April 2020 is preparing at 6:45 GMT, the Crude Oil trading at 18.35, which is 0.71% higher from Yesterday’s close.
The pair is expected to find support at 15.68 and a fall through could take it to the next support level of 13.10 The pair is expected to find its first resistance at 20.10 and a rise through could take it to the next resistance level of 22.00. For today the expected trading range is between 13.10 Support and 22.00 Resistance.
The expected trend for today is Bullish
Supports Levels: Support 1: 15.68, Support 2: 13.10, Support 3: 11.25
Resistance Levels: Resistance 1: 20.10, Resistance 2: 22.00, Resistance 3: 24.50
Crude Oil Buying Opportunity for Intraday Trading 24 April 2020
Buy near the support area 20.10 and 22.00 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 24 April 2020
Sell near the resistance area 17.65 and 19.75 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.