Crude Oil Technical Analysis 7 July 2020
Crude Oil Technical Analysis : The Crude Oil rose 0.96% against the USD on Monday and closed at 40.67. Today in the European session while Crude Oil technical Analysis 7 July 2020 is preparing at 5:45 GMT, the Crude Oil trading at 40.41, which is 0.57% lower from Yesterday’s close.
The pair is expected to find support at 39.75 and a fall through could take it to the next support level of 39.30 The pair is expected to find its first resistance at 41.15 and a rise through could take it to the next resistance level of 41.55. For today the expected trading range is between 39.30 Support and 42.00 Resistance.
The expected trend for today is Bullish
Supports Levels: Support 1: 40.20, Support 2: 39.75, Support 3: 39.30
Resistance Levels: Resistance 1: 41.15, Resistance 2: 41.55, Resistance 3: 42.00
Crude Oil Buying Opportunity for Intraday Trading 18 June 2020
Buy near the support area 39.75 and 39.30 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 41.15 and 41.55 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.