Crude Oil Technical Analysis November 27, 2018
The Crude Oil rose 2.12% against the USD on Monday and closed at 51.63. Today in the European session while Crude Oil technical analysis November 27, 2018 is preparing at 9:45 GMT, the Crude Oil trading at 51.30, which is 0.63% lower from Yesterday’s close.
The pair is expected to find support at 50.43 and a fall through could take it to the next support level of 49.22. The pair is expected to find its first resistance at 52.53, and a rise through could take it to the next resistance level of 53.44. For today the expected trading range is between 52.00, Support and 56.00 Resistance.
The expected trend for today is Bearish
Supports Levels: Support 1: 50.43 Support 2: 49.22 Support 3: 48.32
Resistance Levels: Resistance 1: 54.70 Resistance 2: 55.40 Resistance 3: 54.65
Crude Oil Buying Opportunity for Intraday Trading November 27, 2018
Buy near the support area 50.43 and 49.22 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 November 27, 2018
Sell near the resistance area 52.53 and 53.44 as soon as you get reversal candlesticks patterns using stop loss 4 pips above the reversal candlestick & keep target equal to stop loss.