Crude Oil Technical Analysis 25 May 2020
Crude Oil Technical Analysis : The Crude Oil declined 1.03% against the USD on Friday and closed at 33.62. Today in the European session while Crude Oil technical Analysis 25 May 2020 is preparing at 6:45 GMT, the Crude Oil trading at 33.40, which is 0.65% lower from Yesterday’s close.
The pair is expected to find support at 31.60 and a fall through could take it to the next support level of 29.60 The pair is expected to find its first resistance at 34.85 and a rise through could take it to the next resistance level of 36.10. For today the expected trading range is between 29.60 Support and 38.00 Resistance.
The expected trend for today is Bullish
Supports Levels: Support 1: 31.60, Support 2: 29.60, Support 3: 28.37
Resistance Levels: Resistance 1: 34.85, Resistance 2: 36.10, Resistance 3: 38.00
Crude Oil Buying Opportunity for Intraday Trading 25 May 2020
Buy near the support area 31.60 and 29.60 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 25 May 2020
Sell near the resistance area 34.85 and 36.10 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.