Crude Oil Technical Analysis January 28, 2019
The Crude Oil rose 0.65% against the USD on Friday and closed at 53.55. Today in the European session while Crude Oil technical analysis January 28, 2019 is preparing at 9:45 GMT, the Crude Oil trading at 52.80, which is 1.04% lower from Yesterday’s close.
The pair is expected to find support at 52.50 and a fall through could take it to the next support level of 52.00 The pair is expected to find its first resistance at 54.00, and a rise through could take it to the next resistance level of 54.47. For today the expected trading range is between 52.00, Support and 54.00 Resistance.
The expected trend for today is Bearish
Supports Levels: Support 1: 53.00 Support 2: 52.50 Support 3: 52.00
Resistance Levels: Resistance 1: 54.00 Resistance 2: 54.47 Resistance 3: 55.00
Crude Oil Buying Opportunity for Intraday Trading January 28, 2019
Buy near the support area 52.50 and 52.00 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 January 28, 2019
Sell near the resistance area 54.00 and 54.47 as soon as you get reversal candlesticks patterns using stop loss 4 pips above the reversal candlestick & keep target equal to stop loss.