Crude Oil Technical Analysis October 24, 2018
The Crude Oil declined 4.83% against the USD on Tuesday and closed at 66.10. Today in the European session while Crude Oil technical analysis October 24, 2018 is preparing at 9:45 GMT, the Crude Oil trading at 66.38, which is 0.10% higher from Yesterday’s close.
The pair is expected to find support at 64.68 and a fall through could take it to the next support level of 63.26. The pair is expected to find its first resistance at 68.56, and a rise through could take it to the next resistance level of 71.00. For today the expected trading range is between 64.68, Support and 78.56 Resistance.
The expected trend for today is Bullish
Supports Levels: Support 1: 64.68 Support 2: 63.26 Support 3: 60.80
Resistance Levels: Resistance 1: 68.56 Resistance 2: 71.00 Resistance 3: 72.44
Crude Oil Buying Opportunity for Intraday Trading October 24, 2018
Buy near the support area 64.68 and 63.26 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 October 24, 2018
Sell near the resistance area 68.56 and 71.00 as soon as you get reversal candlesticks patterns using stop loss 4 pips above the reversal candlestick & keep target equal to stop loss.