Easy Trading Tips offers free forex and commodities technical analysis, trading forecast, latest stock market, forex, commodities & business news, real time quotes, live charts, live markets data, economic calendar and many more.

Crude Oil Technical Analysis February 7, 2019

0 23

Crude Oil Technical Analysis February 7, 2019

The Crude Oil declined 2.07% against the USD on Wednesday and closed at 53.86. Today in the European session while Crude Oil technical analysis February 7, 2019 is preparing at 9:45 GMT, the Crude Oil trading at 53.75, which is 0.20% lower from Yesterday’s close.

The pair is expected to find support at 53.23 and a fall through could take it to the next support level of 52.60 The pair is expected to find its first resistance at 55.00, and a rise through could take it to the next resistance level of 56.00 For today the expected trading range is between 51.55, Support and 56.00 Resistance.

The expected trend for today is Bearish

Supports Levels: Support 1: 53.23 Support 2: 52.60 Support 3: 51.55
Resistance Levels: Resistance 1: 55.00 Resistance 2: 56.00 Resistance 3: 56.60

Crude Oil Buying Opportunity for Intraday Trading February 7, 2019

Buy near the support area 53.23 and 52.60 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 February 7, 2019

Sell near the resistance area 55.00 and 56.00 as soon as you get reversal candlesticks patterns using stop loss 4 pips above the reversal candlestick & keep target equal to stop loss.

Gold Technical Analysis February 7, 2019

Leave A Reply

Your email address will not be published.