Crude Oil Trend Today Technical Analysis for 04-12-2019 20:00:04

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In 1 hour chart Crude Oil price continues to trade at 4131 and above the (Exponential Moving Average)EMA200 value of 4084.51 and keeps its stability above until now, while 1 hour MACD Of 12,26,9 is in Buy mode. Therefore, we will keep our Buy overview conditioned by the price stability above

However, if Crude Oil continues to trade above level, that could be an extraordinarily Bullish sign for Crude Oil

Even so, the 200-candle Exponential moving average (EMA) price range of 4084.51 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 20:00:04

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 20:00:04 Crude Oil trading at 4131 with high of 4134 and low of 4041

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