Crude Oil Trend Today Technical Analysis for 04-12-2019 17:00:04


In 1 hour chart Crude Oil price continues to trade at 4080 and below the (Exponential Moving Average)EMA200 value of 4084.02 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 4084.02 is proving a tough nut to crack.

Pivot (invalidation): 4021.33

Our preference: Long positions above 4067.67

Alternative scenario: Below 3995.67 look for further downside.

Support Resistance Levels For Crude Oil Today at 04-12-2019 17:00:04

Pivot: 4021.33

Resistance 1: 4067.67

Resistance 2: 4093.33

Resistance 3: 4139.67

Support 1: 3995.67

Support 2: 3949.33

Support 3: 3923.67

Yesterday High Low Close For Crude Oil

Yesterday High: 4047

Yesterday Low: 3975

Yesterday Close: 4042

Today at 04-12-2019 17:00:04 Crude Oil trading at 4080 with high of 4090 and low of 4041

Leave a Reply

This site uses Akismet to reduce spam. Learn how your comment data is processed.