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Crude Oil Technical Analysis November 15, 2018

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Crude Oil Technical Analysis November 15, 2018

The Crude Oil rose 1.24% against the USD on Wednesday and closed at 56.03. Today in the European session while Crude Oil technical analysis November 15, 2018 is preparing at 9:45 GMT, the Crude Oil trading at 56.20, which is 0.30% higher from Yesterday’s close.

The pair is expected to find support at 55.00 and a fall through could take it to the next support level of 54.00. The pair is expected to find its first resistance at 57.26, and a rise through could take it to the next resistance level of 58.50. For today the expected trading range is between 54.00, Support and 58.50 Resistance.

The expected trend for today is Bearish

Supports Levels: Support 1: 55.00 Support 2: 54.00 Support 3: 52.78
Resistance Levels: Resistance 1: 57.26 Resistance 2: 58.50 Resistance 3: 59.50

Crude Oil Buying Opportunity for Intraday Trading November 15, 2018

Buy near the support area 55.00 and 54.00 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 November 15, 2018

Sell near the resistance area 57.26 and 58.50 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 November 15, 2018

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