Crude Oil Trend Today Technical Analysis for 05-11-2019 21:00:05


In 1 hour chart Crude Oil price continues to trade at 4048 and above the (Exponential Moving Average)EMA200 value of 3919.88 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 3919.88 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 21:00:05

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 21:00:05 Crude Oil trading at 4048 with high of 4056 and low of 3986

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