Crude Oil Technical Analysis March 28, 2019
The Crude Oil declined 0.95% against the USD on Wednesday and closed at 59.41. Today in the European session while Crude Oil technical analysis March 28, 2019 is preparing at 9:45 GMT, the Crude Oil trading at 59.25, which is 0.26% lower from Yesterday’s close.
The pair is expected to find support at 58.75 and a fall through could take it to the next support level of 58.10 The pair is expected to find its first resistance at 60.15, and a rise through could take it to the next resistance level of 60.87 For today the expected trading range is between 58.10, Support and 60.15 Resistance.
The expected trend for today is Bearish
Supports Levels: Support 1: 58.75 Support 2: 58.10 Support 3: 57.36
Resistance Levels: Resistance 1: 60.15 Resistance 2: 61.87 Resistance 3: 61.53
Crude Oil Buying Opportunity for Intraday Trading March 28, 2019
Buy near the support area 58.75 and 58.10 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 March 28, 2019
Sell near the resistance area 60.15 and 60.87 as soon as you get reversal candlesticks patterns using stop loss 4 pips above the reversal candlestick & keep target equal to stop loss.