Crude Oil Trend Today Technical Analysis for 02-12-2019 18:00:04
by wealthmann
December 2, 2019
9
In 1 hour chart Crude Oil price continues to trade at 4052 and below the (Exponential Moving Average)EMA200 value of 4100.78 and keeps its stability below until now, while 1 hour MACD Of 12,26,9 is in Buy 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 4100.78 is proving a tough nut to crack.
Pivot (invalidation): 4036