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 July 16, 2019

0

Crude Oil Technical Analysis July 16, 2019

Crude Oil Technical Analysis : The Crude Oil declined 1.64% against the USD on Monday and closed at 59.33. Today in the European session while Crude Oil technical Analysis July 16, 2019 is preparing at 6:45 GMT, the Crude Oil trading at 59.85, which is 0.87% higher from Yesterday’s close.

The pair is expected to find support at 58.74 and a fall through could take it to the next support level of 58.16. The pair is expected to find its first resistance at 60.42, and a rise through could take it to the next resistance level of 61.52. For today the expected trading range is between 58.16 Support and 61.52 Resistance.

The expected trend for today is Bearish

Supports Levels: Support 1: 58.74, Support 2: 58.16, Support 3: 57.06
Resistance Levels: Resistance 1: 60.42, Resistance 2: 61.52, Resistance 3: 62.10

Crude Oil Buying Opportunity for Intraday Trading July 16, 2019

Buy near the support area 58.74 and 58.16 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 16, 2019

Sell near the resistance area 60.42 and 61.52 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.

Gold Technical Analysis July 16, 2019

Leave A Reply

Your email address will not be published.