Crude Oil Technical Analysis October 26, 2018
The Crude Oil rose 1.05% against the USD on Thursday and closed at 67.04. Today in the European session while Crude Oil technical analysis October 26, 2018 is preparing at 9:45 GMT, the Crude Oil trading at 66.66, which is 0.56% lower from Yesterday’s close.
The pair is expected to find support at 66.15 and a fall through could take it to the next support level of 65.27. The pair is expected to find its first resistance at 67.77, and a rise through could take it to the next resistance level of 68.51. For today the expected trading range is between 64.53, Support and 68.51 Resistance.
The expected trend for today is Bearish
Supports Levels: Support 1: 66.15 Support 2: 65.27 Support 3: 64.53
Resistance Levels: Resistance 1: 67.77 Resistance 2: 68.51 Resistance 3: 69.39
Crude Oil Buying Opportunity for Intraday Trading October 26, 2018
Buy near the support area 66.15 and 65.27 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 26, 2018
Sell near the resistance area 67.77 and 68.51 as soon as you get reversal candlesticks patterns using stop loss 4 pips above the reversal candlestick & keep target equal to stop loss.