Easy Trading Tips offers free forex and commodities technical analysis, trading forecast, latest stock market, forex, commodities & business news, real time quotes, live charts, live markets data, economic calendar and many more.

Crude Oil Technical Analysis 28 August 2020

0

Crude Oil Technical Analysis 28 August 2020

Crude Oil Technical Analysis : The Crude Oil declined 1.08% against the USD on Wednesday and closed at 43.08. Today in the Asian session, while Crude Oil technical Analysis 28 August 2020 is preparing at 5:45 GMT, the Crude Oil trading at 43.20, which is 0.28% higher from Yesterday’s close.

The pair is expected to find support at 42.50 and a fall through could take it to the next support level of 41.90 The pair is expected to find its first resistance at 43.60 and a rise through could take it to the next resistance level of 43.80. Today’s expected trading range is between 41.50 support and 43.80 resistance.

The expected trend for today is Bullish

Important support levels:

Support 1: 42.50
Support 2: 41.90
Support 3: 41.50

Important resistance levels:

Resistance 1: 43.60
Resistance 2: 43.80
Resistance 3: 44.15

Crude Oil buying opportunity for intraday trading on August 28, 2020

Buy near the support zones 42.50 and 41.90 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 August 28, 2020

Sell near the resistance zones 43.60 and 43.80 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.

Gold Technical Analysis 28 August 2020

 

Leave A Reply

Your email address will not be published.