Crude Oil Technical Analysis 13 May 2020
Crude Oil Technical Analysis : The Crude Oil declined 1.70% against the USD on Tuesday and closed at 25.73. Today in the European session while Crude Oil technical Analysis 13 May 2020 is preparing at 6:45 GMT, the Crude Oil trading at 25.65, which is 0.31% lower from Yesterday’s close.
The pair is expected to find support at 24.90 and a fall through could take it to the next support level of 24.00 The pair is expected to find its first resistance at 26.70 and a rise through could take it to the next resistance level of 27.60. For today the expected trading range is between 23.10 Support and 28.40 Resistance.
The expected trend for today is Bullish
Supports Levels: Support 1: 24.90, Support 2: 24.00, Support 3: 23.10
Resistance Levels: Resistance 1: 26.70, Resistance 2: 27.60, Resistance 3: 28.80
Crude Oil Buying Opportunity for Intraday Trading 13 May 2020
Buy near the support area 24.90 and 24.00 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 13 May 2020
Sell near the resistance area 26.70 and 27.60 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.