In 1 hour chart Crude Oil price continues to trade at 3949 and above the (Exponential Moving Average)EMA200 value of 3886.15 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 3886.15 is proving a tough nut to crack.
Pivot (invalidation): 3993