Crude Oil Technical Analysis July 8, 2019
Crude Oil Technical Analysis : The Crude Oil rose 1.72% against the USD on Friday and closed at 57.73. Today in the European session while Crude Oil technical Analysis July 8, 2019 is preparing at 6:45 GMT, the Crude Oil trading at 57.70, which is 0.01% lower from Yesterday’s close.
The pair is expected to find support at 56.78 and a fall through could take it to the next support level of 55.84 The pair is expected to find its first resistance at 58.20, and a rise through could take it to the next resistance level of 58.68 For today the expected trading range is between 55.84, Support and 58.68 Resistance.
The expected trend for today is Bullish
Supports Levels: Support 1: 56.78 Support 2: 55.84 Support 3: 55.36
Resistance Levels: Resistance 1: 58.20 Resistance 2: 58.68 Resistance 3: 59.62
Crude Oil Buying Opportunity for Intraday Trading July 8, 2019
Buy near the support area 56.78 and 55.84 as soon as you get reversal candlesticks patterns using stop loss 4 pips below the reversal candlestick & keep target equal to stop loss.
Crude Oil Selling Opportunity for Intraday Trading July 8, 2019
Sell near the resistance area 58.20 and 58.68 as soon as you get reversal candlesticks patterns using stop loss 4 pips above the reversal candlestick & keep target equal to stop loss.