Crude Oil Technical Analysis October 11, 2018
The Crude Oil declined 2.89% against the USD on Wednesday and closed at 72.40. Today in the European session while Crude Oil technical analysis October 11, 2018 is preparing at 9:45 GMT, the Crude Oil trading at 72.22, which is 0.25% higher from Yesterday’s close.
Crude Oil technical analysis 11 October 2018
The pair is expected to find support at 71.44 and a fall through could take it to the next support level of 70.47. The pair is expected to find its first resistance at 74.15, and a rise through could take it to the next resistance level of 75.90. For today the expected trading range is between 70.47, Support and 71.44 Resistance.
The expected trend for today is Bearish
Supports Levels: Support 1: 71.44 Support 2: 70.47 Support 3: 78.73
Resistance Levels: Resistance 1: 74.15 Resistance 2: 75.90 Resistance 3: 76.86
Crude Oil Buying Opportunity for Intraday Trading October 11, 2018
Buy near the support area 71.44 and 70.47 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 October 11, 2018
Sell near the resistance area 74.15 and 75.90 as soon as you get reversal candlesticks patterns using stop loss 4 pips above the reversal candlestick & keep target equal to stop loss.