Crude Oil Technical Analysis July 11, 2019
Crude Oil Technical Analysis : The Crude Oil rose 3.18% against the USD on Wednesday and closed at 60.26. Today in the European session while Crude Oil technical Analysis July 11, 2019 is preparing at 6:45 GMT, the Crude Oil trading at 60.85, which is 0.97% higher from Yesterday’s close.
The pair is expected to find support at 59.73 and a fall through could take it to the next support level of 58.90. The pair is expected to find its first resistance at 61.07, and a rise through could take it to the next resistance level of 61.90. For today the expected trading range is between 57.80 Support and 60.30 Resistance.
The expected trend for today is Bullish
Supports Levels: Support 1: 58.90, Support 2: 57.57, Support 3: 56.75
Resistance Levels: Resistance 1: 61.07, Resistance 2: 61.90, Resistance 3: 63.23
Crude Oil Buying Opportunity for Intraday Trading July 11, 2019
Buy near the support area 59.73 and 58.90 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 July 11, 2019
Sell near the resistance area 61.07 and 61.90 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.