Crude Oil Technical Analysis July 17, 2019
Crude Oil Technical Analysis : The Crude Oil declined 1.68% against the USD on Tuesday and closed at 57.65. Today in the European session while Crude Oil technical Analysis July 17, 2019 is preparing at 6:45 GMT, the Crude Oil trading at 58.15, which is 0.81% higher from Yesterday’s close.
The pair is expected to find support at 56.48 and a fall through could take it to the next support level of 55.32. The pair is expected to find its first resistance at 60.42, and a rise through could take it to the next resistance level of 61.52. For today the expected trading range is between 56.48 Support and 59.46 Resistance.
The expected trend for today is Bearish
Supports Levels: Support 1: 56.48, Support 2: 55.32, Support 3: 53.50
Resistance Levels: Resistance 1: 59.46, Resistance 2: 61.28, Resistance 3: 62.44
Crude Oil Buying Opportunity for Intraday Trading July 17, 2019
Buy near the support area 56.48 and 55.32 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 July 17, 2019
Sell near the resistance area 60.42 and 61.52 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.