Technical Analysis For Crude Oil Today 17-07-2019 16:00:04

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In 1 hour chart Crude Oil price continues to trade at 3992 and below the (Exponential Moving Average)EMA200 value of 4032.7 and keeps its stability below until now, while 1 hour MACD Of 12,26,9 is in Buy 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 4032.7 is proving a tough nut to crack.

Pivot (invalidation): 3996

Our preference: Long positions above 4071

Alternative scenario: Below 3864 look for further downside.

Support Resistance Levels For Crude Oil Today at 17-07-2019 16:00:04

Pivot: 3996

Resistance 1: 4071

Resistance 2: 4203

Resistance 3: 4278

Support 1: 3864

Support 2: 3789

Support 3: 3657

Yesterday High Low Close For Crude Oil

Yesterday High: 4128

Yesterday Low: 3921

Yesterday Close: 3939

Today at 17-07-2019 16:00:04 Crude Oil trading at 3992 with high of 3997 and low of 3957

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