Crude Oil Technical Analysis April 16, 2019
Crude Oil Technical Analysis : The Crude Oil declined 0.31% against the USD on Monday and closed at 63.63. Today in the European session while Crude Oil technical analysis April 16, 2019 is preparing at 9:45 GMT, the Crude Oil trading at 63.65, which is 0.01% higher from Yesterday’s close.
The pair is expected to find support at 63.22 and a fall through could take it to the next support level of 62.80 The pair is expected to find its first resistance at 63.97, and a rise through could take it to the next resistance level of 64.30 For today the expected trading range is between 63.00, Support and 65.20 Resistance.
The expected trend for today is Bearish
Supports Levels: Support 1: 63.22 Support 2: 62.80 Support 3: 62.47
Resistance Levels: Resistance 1: 63.97 Resistance 2: 64.30 Resistance 3: 62.47
Crude Oil Buying Opportunity for Intraday Trading April 16, 2019
Buy near the support area 63.22 and 62.80 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 16, 2019
Sell near the resistance area 63.97 and 64.30 as soon as you get reversal candlesticks patterns using stop loss 4 pips above the reversal candlestick & keep target equal to stop loss.