Crude Oil Technical Analysis 2 July 2021
Crude Oil Technical Analysis : The Crude Oil rose 1.77% against the USD on Wednesday and closed at 74.42. Today in the Asian session, while Crude Oil technical Analysis 2 July 2021 is preparing at 5:15 GMT, the Crude Oil trading at 74.65, which is 0.31% higher from Yesterday’s close.
The pair is expected to find support at 74.40 and a fall through could take it to the next support level of 73.00 The pair is expected to find its first resistance at 74.45 and a rise through could take it to the next resistance level of 75.00. Today’s expected trading range is between 73.00 support and 76.00 resistance.
The expected trend for today is Bullish
Important support levels:
Support 1: 74.40
Support 2: 73.00
Support 3: 71.70
Important resistance levels:
Resistance 1: 75.65
Resistance 2: 76.00
Resistance 3: 76.70
Crude Oil buying opportunity for intraday trading on July 2, 2021
Buy near the support zones 74.40 and 73.00 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 July 2, 2021
Sell near the resistance zones 75.65 and 76.00 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.