Crude Oil Technical Analysis March 12, 2019
The Crude Oil rose 1.31% against the USD on Monday and closed at 57.05. Today in the European session while Crude Oil technical analysis March 12, 2019 is preparing at 9:45 GMT, the Crude Oil trading at 56.80, which is 1.00% higher from Yesterday’s close.
The pair is expected to find support at 56.50 and a fall through could take it to the next support level of 55.90 The pair is expected to find its first resistance at 57.40, and a rise through could take it to the next resistance level of 57.80 For today the expected trading range is between 56.50, Support and 58.35 Resistance.
The expected trend for today is Bullish
Supports Levels: Support 1: 56.50 Support 2: 55.90 Support 3: 58.35
Resistance Levels: Resistance 1: 57.40 Resistance 2: 57.80 Resistance 3: 58.35
Crude Oil Buying Opportunity for Intraday Trading March 12, 2019
Buy near the support area 56.50 and 55.90 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 March 12, 2019
Sell near the resistance area 57.40 and 57.80 as soon as you get reversal candlesticks patterns using stop loss 4 pips above the reversal candlestick & keep target equal to stop loss.