Technical Analysis For Crude Oil Today 12-07-2019 11:00:03


In 1 hour chart Crude Oil price continues to trade at 4153 and above the (Exponential Moving Average)EMA200 value of 3999.26 and keeps its stability above until now, while 1 hour MACD Of 12,26,9 is in Sell mode. Therefore, we will keep our Buy overview conditioned by the price stability above

However, if Crude Oil continues to trade above level, that could be an extraordinarily Bullish sign for Crude Oil

Even so, the 200-candle Exponential moving average (EMA) price range of 3999.26 is proving a tough nut to crack.

Pivot (invalidation): 4138

Our preference: Long positions above 4155

Alternative scenario: Below 4109 look for further downside.

Support Resistance Levels For Crude Oil Today at 12-07-2019 11:00:03

Pivot: 4138

Resistance 1: 4155

Resistance 2: 4184

Resistance 3: 4201

Support 1: 4109

Support 2: 4092

Support 3: 4063

Yesterday High Low Close For Crude Oil

Yesterday High: 4167

Yesterday Low: 4121

Yesterday Close: 4126

Today at 12-07-2019 11:00:03 Crude Oil trading at 4153 with high of 4154 and low of 4140

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