Crude Oil Technical Analysis 21 April 2020
Crude Oil Technical Analysis : The Crude Oil declined 13.11% against the USD on Monday and closed at 21.87. Today in the Asian session while Crude Oil technical Analysis 21 April 2020 is preparing at 6:45 GMT, the Crude Oil trading at 21.00, which is 3.97% lower from Yesterday’s close.
The pair is expected to find support at 19.95 and a fall through could take it to the next support level of 18.00 The pair is expected to find its first resistance at 24.56 and a rise through could take it to the next resistance level of 27.25. For today the expected trading range is between 28.00 Support and 24.56 Resistance.
The expected trend for today is Bearish
Supports Levels: Support 1: 19.95, Support 2: 18.00, Support 3: 15.35
Resistance Levels: Resistance 1: 24.56, Resistance 2: 27.25, Resistance 3: 29.19
Crude Oil Buying Opportunity for Intraday Trading 21 April 2020
Buy near the support area 19.95 and 18.00 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 21 April 2020
Sell near the resistance area 24.56 and 27.25 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.