Crude Oil Technical Analysis July 12, 2019
Crude Oil Technical Analysis : The Crude Oil rose 0.01% against the USD on Thursday and closed at 60.47. Today in the European session while Crude Oil technical Analysis July 12, 2019 is preparing at 6:45 GMT, the Crude Oil trading at 60.40, which is 0.11% lower from Yesterday’s close.
The pair is expected to find support at 60.10 and a fall through could take it to the next support level of 59.75. The pair is expected to find its first resistance at 60.88, and a rise through could take it to the next resistance level of 61.31. For today the expected trading range is between 57.80 Support and 60.30 Resistance.
The expected trend for today is Bearish
Supports Levels: Support 1: 60.10, Support 2: 59.75, Support 3: 59.32
Resistance Levels: Resistance 1: 60.88, Resistance 2: 61.31, Resistance 3: 61.66
Crude Oil Buying Opportunity for Intraday Trading July 12, 2019
Buy near the support area 60.10 and 59.75 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 12, 2019
Sell near the resistance area 60.88 and 61.31 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.