Crude Oil Technical Analysis October 23, 2018
The Crude Oil rose 0.01% against the USD on Monday and closed at 69.50. Today in the European session while Crude Oil technical analysis October 23, 2018 is preparing at 10:45 GMT, the Crude Oil trading at 68.50, which is 1.43% lower from Yesterday’s close.
The pair is expected to find support at 67.89 and a fall through could take it to the next support level of 67.34. The pair is expected to find its first resistance at 70.00, and a rise through could take it to the next resistance level of 70.59. For today the expected trading range is between 67.89, Support and 70.00 Resistance.
The expected trend for today is Bearish
Supports Levels: Support 1: 68.68 Support 2: 67.89 Support 3: 67.34
Resistance Levels: Resistance 1: 70.00 Resistance 2: 70.59 Resistance 3: 71.39
Crude Oil Buying Opportunity for Intraday Trading October 23, 2018
Buy near the support area 67.89 and 67.34 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 23, 2018
Sell near the resistance area 70.00 and 70.59 as soon as you get reversal candlesticks patterns using stop loss 4 pips above the reversal candlestick & keep target equal to stop loss.