Crude Oil Technical Analysis 2 June 2020
Crude Oil Technical Analysis : The Crude Oil rose 1.26% against the USD on Monday and closed at 35.77. Today in the European session while Crude Oil technical Analysis 2 June 2020 is preparing at 6:45 GMT, the Crude Oil trading at 35.97, which is 0.61% higher from Yesterday’s close.
The pair is expected to find support at 34.80 and a fall through could take it to the next support level of 33.80 The pair is expected to find its first resistance at 37.00 and a rise through could take it to the next resistance level of 37.95. For today the expected trading range is between 33.20 Support and 37.90 Resistance.
The expected trend for today is Bullish
Supports Levels: Support 1: 34.80, Support 2: 33.80, Support 3: 33.20
Resistance Levels: Resistance 1: 36.36, Resistance 2: 37.00, Resistance 3: 37.90
Crude Oil Buying Opportunity for Intraday Trading 2 June 2020
Buy near the support area 34.80 and 33.80 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 2 June 2020
Sell near the resistance area 37.00 and 37.90 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.