Crude Oil Trend Today Technical Analysis for 03-12-2019 16:00:05


In 1 hour chart Crude Oil price continues to trade at 4026 and below the (Exponential Moving Average)EMA200 value of 4091.94 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 4091.94 is proving a tough nut to crack.

Pivot (invalidation): 4024.33

Our preference: Long positions above 4058.67

Alternative scenario: Below 3982.67 look for further downside.

Support Resistance Levels For Crude Oil Today at 03-12-2019 16:00:05

Pivot: 4024.33

Resistance 1: 4058.67

Resistance 2: 4100.33

Resistance 3: 4134.67

Support 1: 3982.67

Support 2: 3948.33

Support 3: 3906.67

Yesterday High Low Close For Crude Oil

Yesterday High: 4066

Yesterday Low: 3990

Yesterday Close: 4017

Today at 03-12-2019 16:00:05 Crude Oil trading at 4026 with high of 4042 and low of 4017

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