Crude Oil Trend Today Technical Analysis for 06-11-2019 14:00:04


In 1 hour chart Crude Oil price continues to trade at 4037 and above the (Exponential Moving Average)EMA200 value of 3929.19 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 3929.19 is proving a tough nut to crack.

Pivot (invalidation): 4034

Our preference: Long positions above 4082

Alternative scenario: Below 3997 look for further downside.

Support Resistance Levels For Crude Oil Today at 06-11-2019 14:00:04

Pivot: 4034

Resistance 1: 4082

Resistance 2: 4119

Resistance 3: 4167

Support 1: 3997

Support 2: 3949

Support 3: 3912

Yesterday High Low Close For Crude Oil

Yesterday High: 4071

Yesterday Low: 3986

Yesterday Close: 4045

Today at 06-11-2019 14:00:04 Crude Oil trading at 4037 with high of 4047 and low of 4023

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