Crude Oil Technical Analysis April 12, 2019
Crude Oil Technical Analysis : The Crude Oil declined 1.14% against the USD on Thursday and closed at 63.72. Today in the European session while Crude Oil technical analysis April 12, 2019 is preparing at 9:45 GMT, the Crude Oil trading at 64.50, which is 1.22% higher from Yesterday’s close.
The pair is expected to find support at 63.20 and a fall through could take it to the next support level of 62.70 The pair is expected to find its first resistance at 64.97, and a rise through could take it to the next resistance level of 65.47 For today the expected trading range is between 63.00, Support and 65.20 Resistance.
The expected trend for today is Bullish
Supports Levels: Support 1: 63.20 Support 2: 62.70 Support 3: 62.10
Resistance Levels: Resistance 1: 64.34 Resistance 2: 64.97 Resistance 3: 65.47
Crude Oil Buying Opportunity for Intraday Trading April 12, 2019
Buy near the support area 63.20 and 62.70 as soon as you get reversal candlesticks patterns using stop loss 4 pips below the reversal candlestick & keep target equal to stop loss.
Crude Oil Selling Opportunity for Intraday Trading April 12, 2019
Sell near the resistance area 64.97 and 65.47 as soon as you get reversal candlesticks patterns using stop loss 4 pips above the reversal candlestick & keep target equal to stop loss.