Crude Oil Technical Analysis February 4, 2019
The Crude Oil rose 0.47% against the USD on Thursday and closed at 55.45. Today in the European session while Crude Oil technical analysis February 4, 2019 is preparing at 9:45 GMT, the Crude Oil trading at 55.35, which is 0.18% lower from Yesterday’s close.
The pair is expected to find support at 53.35 and a fall through could take it to the next support level of 52.35 The pair is expected to find its first resistance at 56.30, and a rise through could take it to the next resistance level of 57.15 For today the expected trading range is between 54.00, Support and 57.15 Resistance.
The expected trend for today is Bullish
Supports Levels: Support 1: 54.00 Support 2: 52.65 Support 3: 51.80
Resistance Levels: Resistance 1: 56.30 Resistance 2: 57.15 Resistance 3: 58.55
Crude Oil Buying Opportunity for Intraday Trading February 4, 2019
Buy near the support area 53.35 and 52.65 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 February 4, 2019
Sell near the resistance area 56.30 and 57.15 as soon as you get reversal candlesticks patterns using stop loss 4 pips above the reversal candlestick & keep target equal to stop loss.