Crude Oil Trend Today Technical Analysis for 08-11-2019 21:00:04


In 1 hour chart Crude Oil price continues to trade at 3987 and above the (Exponential Moving Average)EMA200 value of 3962.07 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 3962.07 is proving a tough nut to crack.

Pivot (invalidation): 4060.67

Our preference: Long positions above 4126.33

Alternative scenario: Below 4019.33 look for further downside.

Support Resistance Levels For Crude Oil Today at 08-11-2019 21:00:04

Pivot: 4060.67

Resistance 1: 4126.33

Resistance 2: 4167.67

Resistance 3: 4233.33

Support 1: 4019.33

Support 2: 3953.67

Support 3: 3912.33

Yesterday High Low Close For Crude Oil

Yesterday High: 4102

Yesterday Low: 3995

Yesterday Close: 4085

Today at 08-11-2019 21:00:04 Crude Oil trading at 3987 with high of 4059 and low of 3980

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