Crude Oil Technical Analysis 4 June 2020
Crude Oil Technical Analysis : The Crude Oil declined 0.60% against the USD on Wednesday and closed at 36.75. Today in the European session while Crude Oil technical Analysis 4 June 2020 is preparing at 6:45 GMT, the Crude Oil trading at 36.90, which is 0.35% higher from Yesterday’s close.
The pair is expected to find support at 35.80 and a fall through could take it to the next support level of 34.80 The pair is expected to find its first resistance at 38.00 and a rise through could take it to the next resistance level of 38.20. For today the expected trading range is between 34.80 Support and 39.20 Resistance.
The expected trend for today is Bullish
Supports Levels: Support 1: 35.80, Support 2: 34.80, Support 3: 33.60
Resistance Levels: Resistance 1: 38.00, Resistance 2: 39.20, Resistance 3: 40.00
Crude Oil Buying Opportunity for Intraday Trading 4 June 2020
Buy near the support area 35.80 and 34.80 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 4 June 2020
Sell near the resistance area 38.00 and 39.20 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.