Crude Oil Technical Analysis October 8, 2018
The Crude Oil declined 0.44% against the USD on Friday and closed at 74.20. Today in the European session while Crude Oil technical analysis October 8, 2018 is preparing at 10:45 GMT, the Crude Oil trading at 73.45, which is 1.02% lower from Yesterday’s close.
Crude Oil technical analysis 8 October 2018
The pair is expected to find support at 73.00 and a fall through could take it to the next support level of 72.25. The pair is expected to find its first resistance at 74.95, and a rise through could take it to the next resistance level of 75.70. For today the expected trading range is between 73.00, Support and 74.95 Resistance.
The expected trend for today is Bearish
Supports Levels: Support 1: 73.60 Support 2: 73.00 Support 3: 72.25
Resistance Levels: Resistance 1: 74.95 Resistance 2: 75.70 Resistance 3: 76.00
Crude Oil Buying Opportunity for Intraday Trading October 8, 2018
Buy near the support area 73.00 and 72.25 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 8, 2018
Sell near the resistance area 74.95 and 75.70 as soon as you get reversal candlesticks patterns using stop loss 4 pips above the reversal candlestick & keep target equal to stop loss.