Technical Analysis For Crude Oil Today 29-08-2019 22:00:04


In 1 hour chart Crude Oil price continues to trade at 4072 and above the (Exponential Moving Average)EMA200 value of 3954.82 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 3954.82 is proving a tough nut to crack.

Pivot (invalidation): 4021.67

Our preference: Long positions above 4071.33

Alternative scenario: Below 3965.33 look for further downside.

Support Resistance Levels For Crude Oil Today at 29-08-2019 22:00:04

Pivot: 4021.67

Resistance 1: 4071.33

Resistance 2: 4127.67

Resistance 3: 4177.33

Support 1: 3965.33

Support 2: 3915.67

Support 3: 3859.33

Yesterday High Low Close For Crude Oil

Yesterday High: 4078

Yesterday Low: 3972

Yesterday Close: 4015

Today at 29-08-2019 22:00:04 Crude Oil trading at 4072 with high of 4087 and low of 4000

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