Crude Oil Technical Analysis July 3, 2019
Crude Oil Technical Analysis : The Crude Oil declined 0.90% against the USD on Tuesday and closed at 58.98. Today in the European session while Crude Oil technical Analysis July 3, 2019 is preparing at 7:45 GMT, the Crude Oil trading at 58.90, which is 0.13% lower from Yesterday’s close.
The pair is expected to find support at 55.10 and a fall through could take it to the next support level of 53.95 The pair is expected to find its first resistance at 58.42, and a rise through could take it to the next resistance level of 60.57 For today the expected trading range is between 53.95, Support and 60.57 Resistance.
The expected trend for today is Bearish
Supports Levels: Support 1: 55.10 Support 2: 53.95 Support 3: 51.80
Resistance Levels: Resistance 1: 58.42 Resistance 2: 60.57 Resistance 3: 61.73
Crude Oil Buying Opportunity for Intraday Trading July 3, 2019
Buy near the support area 55.10 and 53.95 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 July 3, 2019
Sell near the resistance area 58.42 and 60.57 as soon as you get reversal candlesticks patterns using stop loss 4 pips above the reversal candlestick & keep target equal to stop loss.