Technical Analysis For Crude Oil Today 16-07-2019 23:00:05

wp-header-logo-1212.png

In 1 hour chart Crude Oil price continues to trade at 3972 and below the (Exponential Moving Average)EMA200 value of 4037.87 and keeps its stability below until now, while 1 hour MACD Of 12,26,9 is in Sell mode. Therefore, we will keep our Sell overview conditioned by the price stability below

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

Even so, the 200-candle Exponential moving average (EMA) price range of 4037.87 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 23:00:05

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 23:00:05 Crude Oil trading at 3972 with high of 4128 and low of 3959

Leave a Reply

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