Crude Oil Technical Analysis 26 April 2021
Crude Oil Technical Analysis : The Crude Oil rose 0.74% against the USD on Friday and closed at 62.06. Today in the Asian session, while Crude Oil technical Analysis 28 December 2020 is preparing at 5:15 GMT, the Crude Oil trading at 61.00, which is 1.70% lower from Yesterday’s close.
The pair is expected to find support at 60.65 and a fall through could take it to the next support level of 58.75 The pair is expected to find its first resistance at 62.30 and a rise through could take it to the next resistance level of 62.60. Today’s expected trading range is between 57.40 support and 64.30 resistance.
The expected trend for today is Bearish
Important support levels:
Support 1: 60.65
Support 2: 58.75
Support 3: 57.40
Important resistance levels:
Resistance 1: 62.30
Resistance 2: 62.60
Resistance 3: 64.30
Crude Oil buying opportunity for intraday trading on April 26, 2021
Buy near the support zones 60.65 and 58.75 as soon as you get a reversal candlestick pattern, using a stop loss 2 points below the low of the reversal candle, and keep the target equal to the stop loss.
Crude Oil selling opportunity for intraday trading on April 26, 2021
Sell near the resistance zones 62.30 and 62.60 as soon as you get a reversal candlestick pattern, using a stop loss 2 points above the high of the reversal candle, and keep the target equal to the stop loss.