Crude Oil Technical Analysis 1 June 2020
Crude Oil Technical Analysis : The Crude Oil rose 4.28% against the USD on Friday and closed at 35.28. Today in the European session while Crude Oil technical Analysis 1 June 2020 is preparing at 6:45 GMT, the Crude Oil trading at 35.45, which is 0.48% higher from Yesterday’s close.
The pair is expected to find support at 33.20 and a fall through could take it to the next support level of 31.20 The pair is expected to find its first resistance at 36.60 and a rise through could take it to the next resistance level of 36.10. For today the expected trading range is between 31.20 Support and 37.90 Resistance.
The expected trend for today is Bullish
Supports Levels: Support 1: 33.20, Support 2: 31.20, Support 3: 29.90
Resistance Levels: Resistance 1: 36.60, Resistance 2: 37.90, Resistance 3: 39.90
Crude Oil Buying Opportunity for Intraday Trading 1 June 2020
Buy near the support area 31.90 and 30.10 as soon as you get reversal candlesticks patterns using stop loss 2 pips below the low of reversal candlestick & keep target equal to stop loss.
Crude Oil Selling Opportunity for Intraday Trading 1 June 2020
Sell near the resistance area 36.60 and 37.90 as soon as you get reversal candlesticks patterns using stop loss 2 pips above the high of reversal candlestick & keep target equal to stop loss.