Crude Oil Trend Today Technical Analysis for 02-12-2019 18:00:04

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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

Our preference: Long positions above 4113

Alternative scenario: Below 3892 look for further downside.

Support Resistance Levels For Crude Oil Today at 02-12-2019 18:00:04

Pivot: 4036

Resistance 1: 4113

Resistance 2: 4257

Resistance 3: 4334

Support 1: 3892

Support 2: 3815

Support 3: 3671

Yesterday High Low Close For Crude Oil

Yesterday High: 4180

Yesterday Low: 3959

Yesterday Close: 3969

Today at 02-12-2019 18:00:04 Crude Oil trading at 4052 with high of 4066 and low of 4012

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