Technical Analysis For Crude Oil Today 12-07-2019 18:00:03
by wealthmann
July 12, 2019
70
In 1 hour chart Crude Oil price continues to trade at 4137 and above the (Exponential Moving Average)EMA200 value of 4009.42 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 4009.42 is proving a tough nut to crack.
Pivot (invalidation): 4138