Crude Oil Technical Analysis 28 April 2020
Crude Oil Technical Analysis : The Crude Oil rose 19.00% against the USD on Monday and closed at 14.70. Today in the European session while Crude Oil technical Analysis 28 April 2020 is preparing at 6:45 GMT, the Crude Oil trading at 13.20, which is 10.20% lower from Yesterday’s close.
The pair is expected to find support at 13.00 and a fall through could take it to the next support level of 11.35 The pair is expected to find its first resistance at 17.40 and a rise through could take it to the next resistance level of 20.00. For today the expected trading range is between 08.65 Support and 20.00 Resistance.
The expected trend for today is Bearish
Supports Levels: Support 1: 13.00, Support 2: 11.35, Support 3: 08.65
Resistance Levels: Resistance 1: 17.40, Resistance 2: 20.00, Resistance 3: 21.80
Crude Oil Buying Opportunity for Intraday Trading 28 April 2020
Buy near the support area 13.00 and 11.35 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 28 April 2020
Sell near the resistance area 17.40 and 20.00 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.