Crude Oil Trend Today Technical Analysis for 12-11-2019 21:00:05


In 1 hour chart Crude Oil price continues to trade at 4112 and above the (Exponential Moving Average)EMA200 value of 3977.85 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 3977.85 is proving a tough nut to crack.

Pivot (invalidation): 4064.33

Our preference: Long positions above 4106.67

Alternative scenario: Below 4042.67 look for further downside.

Support Resistance Levels For Crude Oil Today at 12-11-2019 21:00:05

Pivot: 4064.33

Resistance 1: 4106.67

Resistance 2: 4128.33

Resistance 3: 4170.67

Support 1: 4042.67

Support 2: 4000.33

Support 3: 3978.67

Yesterday High Low Close For Crude Oil

Yesterday High: 4086

Yesterday Low: 4022

Yesterday Close: 4085

Today at 12-11-2019 21:00:05 Crude Oil trading at 4112 with high of 4117 and low of 4079

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