Crude Oil Technical Analysis 29 April 2020
Crude Oil Technical Analysis : The Crude Oil rose 0.66% against the USD on Tuesday and closed at 15.05. Today in the European session while Crude Oil technical Analysis 29 April 2020 is preparing at 6:45 GMT, the Crude Oil trading at 16.00, which is 6.31% higher from Yesterday’s close.
The pair is expected to find support at 13.41 and a fall through could take it to the next support level of 11.77 The pair is expected to find its first resistance at 16.25 and a rise through could take it to the next resistance level of 17.43. For today the expected trading range is between 11.77 Support and 19.10 Resistance.
The expected trend for today is Bullish
Supports Levels: Support 1: 13.41, Support 2: 11.77, Support 3: 10.80
Resistance Levels: Resistance 1: 16.25, Resistance 2: 17.43, Resistance 3: 19.10
Crude Oil Buying Opportunity for Intraday Trading 29 April 2020
Buy near the support area 13.41 and 11.77 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 29 April 2020
Sell near the resistance area 16.25 and 17.43 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.