Crude Oil Technical Analysis Sep 4, 2019
Crude Oil Technical Analysis : The Crude Oil declined 1.47% against the USD on Tuesday and closed at 53.81. Today in the European session while Crude Oil technical Analysis Sep 4, 2019 is preparing at 7:45 GMT, the Crude Oil trading at 54.15, which is 0.63% higher from Yesterday’s close.
The pair is expected to find support at 52.69 and a fall through could take it to the next support level of 51.56 The pair is expected to find its first resistance at 54.90 and a rise through could take it to the next resistance level of 55.98. For today the expected trading range is between 52.69 Support and 54.90 Resistance.
The expected trend for today is Bearish
Supports Levels: Support 1: 52.69, Support 2: 51.56, Support 3: 50.48
Resistance Levels: Resistance 1: 54.90, Resistance 2: 55.98, Resistance 3: 57.11
Crude Oil Buying Opportunity for Intraday Trading Aug 16, 2019
Buy near the support area 52.69 and 51.56 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 Aug 16, 2019
Sell near the resistance area 54.90 and 55.98 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.