Crude Oil Technical Analysis 19 January 2021
Crude Oil Technical Analysis : The Crude Oil rose 0.19% against the USD on Saturday and closed at 52.12. Today in the Asian session, while Crude Oil technical Analysis 28 December 2020 is preparing at 5:15 GMT, the Crude Oil trading at 52.29, which is 0.33% higher from Yesterday’s close.
The pair is expected to find support at 51.75 and a fall through could take it to the next support level of 51.45 The pair is expected to find its first resistance at 52.50 and a rise through could take it to the next resistance level of 53.00. Today’s expected trading range is between 51.00 support and 53.85 resistance.
The expected trend for today is Bearish
Important support levels:
Support 1: 51.75
Support 2: 51.45
Support 3: 51.00
Important resistance levels:
Resistance 1: 52.50
Resistance 2: 53.00
Resistance 3: 53.85
Crude Oil buying opportunity for intraday trading on January 19, 2021
Buy near the support zones 51.75 and 51.45 as 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 January 19, 2021
Sell near the resistance zones 52.50 and 53.00 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.