Crude Oil Technical Analysis November 12, 2018
The Crude Oil declined 1.56% against the USD on Friday and closed at 59.91. Today in the European session while Crude Oil technical analysis November 12, 2018 is preparing at 9:45 GMT, the Crude Oil trading at 61.20, which is 2.15% lower from Yesterday’s close.
The pair is expected to find support at 59.24 and a fall through could take it to the next support level of 58.58. The pair is expected to find its first resistance at 62.54, and a rise through could take it to the next resistance level of 62.20. For today the expected trading range is between 59.31, Support and 62.00 Resistance.
The expected trend for today is Bullish
Supports Levels: Support 1: 59.24 Support 2: 58.58 Support 3: 57.76
Resistance Levels: Resistance 1: 60.72 Resistance 2: 61.54 Resistance 3: 62.20
Crude Oil Buying Opportunity for Intraday Trading November 12, 2018
Buy near the support area 59.24 and 58.58 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 November 12, 2018
Sell near the resistance area 61.54 and 62.20 as soon as you get reversal candlesticks patterns using stop loss 4 pips above the reversal candlestick & keep target equal to stop loss.