Crude Oil Technical Analysis 29 June 2021
Crude Oil Technical Analysis : The Crude Oil declined 1.64% against the USD on Monday and closed at 72.50. Today in the Asian session, while Crude Oil technical Analysis 29 June 2021 is preparing at 5:15 GMT, the Crude Oil trading at 72.40, which is 0.17% lower from Yesterday’s close.
The pair is expected to find support at 71.80 and a fall through could take it to the next support level of 70.70 The pair is expected to find its first resistance at 73.00 and a rise through could take it to the next resistance level of 73.65. Today’s expected trading range is between 70.70 support and 74.00 resistance.
The expected trend for today is Bearish
Important support levels:
Support 1: 71.80
Support 2: 70.70
Support 3: 69.50
Important resistance levels:
Resistance 1: 73.00
Resistance 2: 73.65
Resistance 3: 74.00
Crude Oil buying opportunity for intraday trading on June 29, 2021
Buy near the support zones 71.80 and 70.70 as soon as you get a reversal candlestick pattern, using a stop loss 2 points below the low of the reversal candle, and keep the target equal to the stop loss.
Crude Oil selling opportunity for intraday trading on June 29, 2021
Sell near the resistance zones 73.00 and 73.65 as soon as you get a reversal candlestick pattern, using a stop loss 2 points above the high of the reversal candle, and keep the target equal to the stop loss.