Crude Oil Technical Analysis 10 March 2021
Crude Oil Technical Analysis : The Crude Oil declined 1.24% against the USD on Tuesday and closed at 63.85. Today in the Asian session, while Crude Oil technical Analysis 28 December 2020 is preparing at 5:15 GMT, the Crude Oil trading at 63.35, which is 0.78% lower from Yesterday’s close.
The pair is expected to find support at 63.00 and a fall through could take it to the next support level of 62.00 The pair is expected to find its first resistance at 65.25 and a rise through could take it to the next resistance level of 66.85. Today’s expected trading range is between 62.00 support and 69.00 resistance.
The expected trend for today is Bearish
Important support levels:
Support 1: 63.00
Support 2: 62.00
Support 3: 60.40
Important resistance levels:
Resistance 1: 65.25
Resistance 2: 66.85
Resistance 3: 67.70
Crude Oil buying opportunity for intraday trading on March 10, 2021
Buy near the support zones 63.00 and 62.00as soon as you get a reversal candlestick pattern, using a stop loss 2 points below the low of the reversal candle, and keep the target equal to the stop loss.
Crude Oil selling opportunity for intraday trading on March 10, 2021
Sell near the resistance zones 65.25 and 66.85 as soon as you get a reversal candlestick pattern, using a stop loss 2 points above the high of the reversal candle, and keep the target equal to the stop loss.