Technical Analysis For Crude Oil Today 16-07-2019 19:00:04

In 1 hour chart Crude Oil price continues to trade at 4092 and above the (Exponential Moving Average)EMA200 value of 4036.86 and keeps its stability above until now, while 1 hour MACD Of 12,26,9 is in Buy 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 4036.86 is proving a tough nut to crack.

Pivot (invalidation): 4110.33

Our preference: Long positions above 4148.67

Alternative scenario: Below 4047.67 look for further downside.

Support Resistance Levels For Crude Oil Today at 16-07-2019 19:00:04

Pivot: 4110.33

Resistance 1: 4148.67

Resistance 2: 4211.33

Resistance 3: 4249.67

Support 1: 4047.67

Support 2: 4009.33

Support 3: 3946.67

Yesterday High Low Close For Crude Oil

Yesterday High: 4173

Yesterday Low: 4072

Yesterday Close: 4086

Today at 16-07-2019 19:00:04 Crude Oil trading at 4092 with high of 4122 and low of 4070

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