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Crude Oil Technical Analysis November 9, 2018

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Crude Oil Technical Analysis November 9, 2018

The Crude Oil declined 1.52% against the USD on Thursday and closed at 60.78. Today in the European session while Crude Oil technical analysis November 9, 2018 is preparing at 8:45 GMT, the Crude Oil trading at 60.50, which is 0.46% lower from Yesterday’s close.

The pair is expected to find support at 60.05 and a fall through could take it to the next support level of 59.31. The pair is expected to find its first resistance at 62.00, and a rise through could take it to the next resistance level of 63.21. For today the expected trading range is between 59.31, Support and 62.00 Resistance.

The expected trend for today is Bearish

Supports Levels: Support 1: 60.05 Support 2: 59.31 Support 3: 58.10
Resistance Levels: Resistance 1: 62.00 Resistance 2: 63.21 Resistance 3: 63.95

Crude Oil Buying Opportunity for Intraday Trading November 9, 2018

Buy near the support area 60.05 and 59.31 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 9, 2018

Sell near the resistance area 62.86 and 64.05 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 9, 2018

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