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Crude Oil Technical Analysis November 23, 2018

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Crude Oil Technical Analysis November 23, 2018

The Crude Oil declined 1.11% against the USD on Thursday and closed at 54.00. Today in the European session while Crude Oil technical analysis November 23, 2018 is preparing at 7:45 GMT, the Crude Oil trading at 52.50, which is 2.77% lower from Yesterday’s close.

The pair is expected to find support at 52.80 and a fall through could take it to the next support level of 52.00. The pair is expected to find its first resistance at 54.70, and a rise through could take it to the next resistance level of 55.40. For today the expected trading range is between 52.00, Support and 56.00 Resistance.

The expected trend for today is Bearish

Supports Levels: Support 1: 53.40 Support 2: 52.80 Support 3: 52.00
Resistance Levels: Resistance 1: 54.70 Resistance 2: 55.40 Resistance 3: 56.00

Crude Oil Buying Opportunity for Intraday Trading November 23, 2018

Buy near the support area 52.80 and 52.00 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 23, 2018

Sell near the resistance area 54.70 and 55.40 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 23, 2018

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