Crude Oil Technical Analysis Sep 18, 2019
Crude Oil Technical Analysis : The Crude Oil declined 5.00% against the USD on Tuesday and closed at 58.51. Today in the European session while Crude Oil technical Analysis Sep 18, 2019 is preparing at 7:45 GMT, the Crude Oil trading at 61.70, which is 0.43% higher from Yesterday’s close.
The pair is expected to find support at 57.00 and a fall through could take it to the next support level of 55.60 The pair is expected to find its first resistance at 61.15 and a rise through could take it to the next resistance level of 63.80. For today the expected trading range is between 55.60 Support and 61.15 Resistance.
The expected trend for today is Bullish
Supports Levels: Support 1: 57.00, Support 2: 55.60, Support 3: 52.92
Resistance Levels: Resistance 1: 61.15, Resistance 2: 63.80, Resistance 3: 55.25
Crude Oil Buying Opportunity for Intraday Trading Aug 16, 2019
Buy near the support area 57.00 and 55.60 as soon as you get reversal candlesticks patterns using stop loss 2 pips below the low of reversal candlestick & keep target equal to stop loss.
Crude Oil Selling Opportunity for Intraday Trading Aug 16, 2019
Sell near the resistance area 61.15 and 63.80 as soon as you get reversal candlesticks patterns using stop loss 2 pips above the high of reversal candlestick & keep target equal to stop loss.