Crude Oil Technical Analysis 17 June 2020
Crude Oil Technical Analysis : The Crude Oil rose 2.46% against the USD on Tuesday and closed at 38.24. Today in the European session while Crude Oil technical Analysis 17 June 2020 is preparing at 5:45 GMT, the Crude Oil trading at 37.87, which is 0.97% lower from Yesterday’s close.
The pair is expected to find support at 36.80 and a fall through could take it to the next support level of 33.40 The pair is expected to find its first resistance at 39.50 and a rise through could take it to the next resistance level of 40.75. For today the expected trading range is between 33.40 Support and 40.75 Resistance.
The expected trend for today is Bullish
Supports Levels: Support 1: 36.80, Support 2: 35.40, Support 3: 34.10
Resistance Levels: Resistance 1: 38.30, Resistance 2: 39.30, Resistance 3: 41.20
Crude Oil Buying Opportunity for Intraday Trading 17 June 2020
Buy near the support area 36.80 and 35.40 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 17 June 2020
Sell near the resistance area 39.50 and 40.75 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.