Crude Oil Technical Analysis 15 June 2020
Crude Oil Technical Analysis : The Crude Oil rose 0.68% against the USD on Friday and closed at 36.68. Today in the European session while Crude Oil technical Analysis 15 June 2020 is preparing at 6:45 GMT, the Crude Oil trading at 34.90, which is 4.83% lower from Yesterday’s close.
The pair is expected to find support at 35.65 and a fall through could take it to the next support level of 32.65 The pair is expected to find its first resistance at 37.65 and a rise through could take it to the next resistance level of 38.65. For today the expected trading range is between 32.65 Support and 38.65 Resistance.
The expected trend for today is Bullish
Supports Levels: Support 1: 33.15, Support 2: 33.65, Support 3: 32.65
Resistance Levels: Resistance 1: 37.65, Resistance 2: 38.65, Resistance 3: 40.15
Crude Oil Buying Opportunity for Intraday Trading 15 June 2020
Buy near the support area 33.65 and 32.65 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 15 June 2020
Sell near the resistance area 37.65 and 38.65 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.