Technical Analysis For Crude Oil Today 16-07-2019 20:00:04

In 1 hour chart Crude Oil price continues to trade at 4111 and above the (Exponential Moving Average)EMA200 value of 4037.59 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 4037.59 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 20:00:04

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 20:00:04 Crude Oil trading at 4111 with high of 4128 and low of 4070

Leave a Reply

This site uses Akismet to reduce spam. Learn how your comment data is processed.