Crude Oil Technical Analysis 10 July 2020
Crude Oil Technical Analysis : The Crude Oil declined 3.10% against the USD on Thursday and closed at 39.66. Today in the European session while Crude Oil technical Analysis 10 July 2020 is preparing at 5:45 GMT, the Crude Oil trading at 39.54, which is 0.20% lower from Yesterday’s close.
The pair is expected to find support at 38.35 and a fall through could take it to the next support level of 37.35 The pair is expected to find its first resistance at 40.70 and a rise through could take it to the next resistance level of 41.70. For today the expected trading range is between 37.35 Support and 41.70 Resistance.
The expected trend for today is Bearish
Supports Levels: Support 1: 39.00, Support 2: 38.35, Support 3: 37.35
Resistance Levels: Resistance 1: 40.70, Resistance 2: 41.70, Resistance 3: 42.35
Crude Oil Buying Opportunity for Intraday Trading 18 June 2020
Buy near the support area 38.35 and 37.35 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 18 June 2020
Sell near the resistance area 40.70 and 41.70 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.