Crude Oil Technical Analysis September 25, 2018
The Crude Oil rose 1.55% against the USD on Monday and closed at 72.16. Today in the European session while Crude Oil technical analysis September 25, 2018 is preparing at 10:45 GMT, the Crude Oil trading at 72.45, which is 0.44% higher from Yesterday’s close.
Crude oil prices continued to rise recently and WPI rebounded to above 72.00 after the Organization of Petroleum Exporting Countries (OPEC) confirmed that it would not consider lowering prices unless absolutely necessary.
Crude Oil technical analysis September 25 2018
The pair is expected to find support at 71.30 and a fall through could take it to the next support level of 70.42. The pair is expected to find its first resistance at 72.80, and a rise through could take it to the next resistance level of 73.44. For today the expected trading range is between 71.30, Support and 73.44 Resistance.
The expected trend for today is Bullish
Supports Levels: Support 1: 71.30 Support 2: 70.42 Support 3: 68.00
Resistance Levels: Resistance 1: 72.80 Resistance 2: 73.44 Resistance 3: 74.30
Previous day`s high: 72.57
Previous day`s low: 71.06
Crude Oil Buying Opportunity for Intraday Trading September 25, 2018
Buy near the support area 71.30 and 70.42 as soon as you get reversal candlesticks patterns like Hammer, Bullish Englufing, Long Leged Doji or Dragonfly Doji, using stop loss 2 pips below the reversal candlestick & keep target equal to stop loss.
Crude Oil Selling Opportunity for Intraday Trading September 25, 2018
Sell near the resistance area 72.80 and 73.44 as soon as you get reversal candlesticks patterns like Shooting Star, Bearish Englufing, Long Leged Doji or Gravestone Doji, using stop loss 2 pips above the reversal candlestick & keep target equal to stop loss.