Technical Analysis For Crude Oil Today 30-08-2019 12:00:04


In 1 hour chart Crude Oil price continues to trade at 4036 and above the (Exponential Moving Average)EMA200 value of 3959.64 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 3959.64 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 12:00:04

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 12:00:04 Crude Oil trading at 4036 with high of 4073 and low of 4031

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