In 1 hour chart Crude Oil price continues to trade at 3981 and below the (Exponential Moving Average)EMA200 value of 4108.39 and keeps its stability below until now, while 1 hour MACD Of 12,26,9 is in Sell mode. Therefore, we will keep our Sell overview conditioned by the price stability below
However, if Crude Oil continues to trade below level, that could be an extraordinarily Bearish sign for Crude Oil
Even so, the 200-candle Exponential moving average (EMA) price range of 4108.39 is proving a tough nut to crack.
Pivot (invalidation): 4167