Technical Analysis For Crude Oil Today 30-08-2019 10:00:03


In 1 hour chart Crude Oil price continues to trade at 4069 and above the (Exponential Moving Average)EMA200 value of 3957.8 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 3957.8 is proving a tough nut to crack.

Pivot (invalidation): 4040.67

Our preference: Long positions above 4081.33

Alternative scenario: Below 3994.33 look for further downside.

Support Resistance Levels For Crude Oil Today at 30-08-2019 10:00:03

Pivot: 4040.67

Resistance 1: 4081.33

Resistance 2: 4127.67

Resistance 3: 4168.33

Support 1: 3994.33

Support 2: 3953.67

Support 3: 3907.33

Yesterday High Low Close For Crude Oil

Yesterday High: 4087

Yesterday Low: 4000

Yesterday Close: 4035

Today at 30-08-2019 10:00:03 Crude Oil trading at 4069 with high of 4073 and low of 4065

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