Crude Oil Technical Analysis 27 May 2020
Crude Oil Technical Analysis : The Crude Oil rose 1.34% against the USD on Tuesday and closed at 34.31. Today in the European session while Crude Oil technical Analysis 27 May 2020 is preparing at 6:45 GMT, the Crude Oil trading at 33.96, which is 1.08% lower from Yesterday’s close.
The pair is expected to find support at 33.55 and a fall through could take it to the next support level of 32.85 The pair is expected to find its first resistance at 35.00 and a rise through could take it to the next resistance level of 35.60. For today the expected trading range is between 32.20 Support and 36.35 Resistance.
The expected trend for today is Bearish
Supports Levels: Support 1: 33.55, Support 2: 32.85, Support 3: 32.20
Resistance Levels: Resistance 1: 35.00, Resistance 2: 35.60, Resistance 3: 36.35
Crude Oil Buying Opportunity for Intraday Trading 27 May 2020
Buy near the support area 33.55 and 32.85 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 27 May 2020
Sell near the resistance area 35.00 and 35.60 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.