Crude Oil Technical Analysis November 7, 2018
The Crude Oil declined 1.57% against the USD on Tuesday and closed at 61.73. Today in the European session while Crude Oil technical analysis November 7, 2018 is preparing at 8:45 GMT, the Crude Oil trading at 61.97, which is 0.38% higher from Yesterday’s close.
The pair is expected to find support at 60.94 and a fall through could take it to the next support level of 60.14. The pair is expected to find its first resistance at 62.94, and a rise through could take it to the next resistance level of 64.14. For today the expected trading range is between 60.14, Support and 62.94 Resistance.
The expected trend for today is Bearish
Supports Levels: Support 1: 60.94 Support 2: 60.14 Support 3: 58.94
Resistance Levels: Resistance 1: 62.94 Resistance 2: 64.14 Resistance 3: 64.94
Crude Oil Buying Opportunity for Intraday Trading November 7, 2018
Buy near the support area 60.94 and 60.14 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 7, 2018
Sell near the resistance area 62.94 and 64.14 as soon as you get reversal candlesticks patterns using stop loss 4 pips above the reversal candlestick & keep target equal to stop loss.