Crude Oil Trend Today Technical Analysis for 05-11-2019 16:00:05

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In 1 hour chart Crude Oil price continues to trade at 4030 and above the (Exponential Moving Average)EMA200 value of 3913.96 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 3913.96 is proving a tough nut to crack.

Pivot (invalidation): 4023.33

Our preference: Long positions above 4100.67

Alternative scenario: Below 3982.67 look for further downside.

Support Resistance Levels For Crude Oil Today at 05-11-2019 16:00:05

Pivot: 4023.33

Resistance 1: 4100.67

Resistance 2: 4141.33

Resistance 3: 4218.67

Support 1: 3982.67

Support 2: 3905.33

Support 3: 3864.67

Yesterday High Low Close For Crude Oil

Yesterday High: 4064

Yesterday Low: 3946

Yesterday Close: 4060

Today at 05-11-2019 16:00:05 Crude Oil trading at 4030 with high of 4035 and low of 3986

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