Crude Oil Technical Analysis 30 November 2020
Crude Oil Technical Analysis : The Crude Oil rose 1.71% against the USD on Friday and closed at 45.70. Today in the Asian session, while Crude Oil technical Analysis 30 November 2020 is preparing at 5:15 GMT, the Crude Oil trading at 45.00, which is 1.55% lower from Yesterday’s close.
The pair is expected to find support at 44.70 and a fall through could take it to the next support level of 43.90 The pair is expected to find its first resistance at 46.15 and a rise through could take it to the next resistance level of 36.50. Today’s expected trading range is between 44.70 support and 47.15 resistance.
The expected trend for today is Bearish
Important support levels:
Support 1: 44.70
Support 2: 43.90
Support 3: 43.30
Important resistance levels:
Resistance 1: 46.15
Resistance 2: 46.50
Resistance 3: 47.15
Crude Oil buying opportunity for intraday trading on November 30, 2020
Buy near the support zones 46.15 and 47.50 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 November 30, 2020
Sell near the resistance zones 46.15 and 46.50 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.