Crude Oil Technical Analysis 30 April 2021
Crude Oil Technical Analysis : The Crude Oil rose 1.78% against the USD on Thursday and closed at 64.77. Today in the Asian session, while Crude Oil technical Analysis 28 December 2020 is preparing at 5:15 GMT, the Crude Oil trading at 63.75, which is 1.53% lower from Yesterday’s close.
The pair is expected to find support at 63.65 and a fall through could take it to the next support level of 62.65 The pair is expected to find its first resistance at 65.30 and a rise through could take it to the next resistance level of 65.45. Today’s expected trading range is between 60.60 support and 66.40 resistance.
The expected trend for today is Bearish
Important support levels:
Support 1: 63.65
Support 2: 62.65
Support 3: 60.60
Important resistance levels:
Resistance 1: 65.30
Resistance 2: 65.45
Resistance 3: 66.40
Crude Oil buying opportunity for intraday trading on April 30, 2021
Buy near the support zones 63.50 and 62.65 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 April 30, 2021
Sell near the resistance zones 65.30 and 65.45 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.