Crude Oil Technical Analysis 27 April 2020
Crude Oil Technical Analysis : The Crude Oil rose 0.49% against the USD on Friday and closed at 18.27. Today in the European session while Crude Oil technical Analysis 27 April 2020 is preparing at 6:45 GMT, the Crude Oil trading at 16.40, which is 10.23% lower from Yesterday’s close.
The pair is expected to find support at 16.00 and a fall through could take it to the next support level of 14.90 The pair is expected to find its first resistance at 19.38 and a rise through could take it to the next resistance level of 20.50. For today the expected trading range is between 14.90 Support and 20.50 Resistance.
The expected trend for today is Bearish
Supports Levels: Support 1: 15.68, Support 2: 16.00, Support 3: 14.90
Resistance Levels: Resistance 1: 19.38, Resistance 2: 20.50, Resistance 3: 21.62
Crude Oil Buying Opportunity for Intraday Trading 27 April 2020
Buy near the support area 16.00 and 14.90 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 27 April 2020
Sell near the resistance area 19.38 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.