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Crude Oil Technical Analysis November 21, 2018

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Crude Oil Technical Analysis November 21, 2018

The Crude Oil declined 6.96% against the USD on Tuesday and closed at 53.33. Today in the European session while Crude Oil technical analysis November 21, 2018 is preparing at 9:45 GMT, the Crude Oil trading at 54.10, which is 1.48% higher from Yesterday’s close.

The pair is expected to find support at 51.58 and a fall through could take it to the next support level of 49.83. The pair is expected to find its first resistance at 56.24, and a rise through could take it to the next resistance level of 59.15. For today the expected trading range is between 51.58, Support and 56.24 Resistance.

The expected trend for today is Bullish

Supports Levels: Support 1: 51.58 Support 2: 49.83 Support 3: 46.92
Resistance Levels: Resistance 1: 56.24 Resistance 2: 59.15 Resistance 3: 60.90

Crude Oil Buying Opportunity for Intraday Trading November 21, 2018

Buy near the support area 51.58 and 49.83 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 21, 2018

Sell near the resistance area 56.24 and 59.15 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 21, 2018

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