Crude Oil Trend Today Technical Analysis for 16-01-2020 15:48:06


In 1 hour chart Crude Oil price continues to trade at 4114 and below the (Exponential Moving Average)EMA200 value of 4268.4 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 4268.4 is proving a tough nut to crack.

Pivot (invalidation): 4099.67

Our preference: Long positions above 4140.33

Alternative scenario: Below 4068.33 look for further downside.

Support Resistance Levels For Crude Oil Today at 16-01-2020 15:48:06

Pivot: 4099.67

Resistance 1: 4140.33

Resistance 2: 4171.67

Resistance 3: 4212.33

Support 1: 4068.33

Support 2: 4027.67

Support 3: 3996.33

Yesterday High Low Close For Crude Oil

Yesterday High: 4131

Yesterday Low: 4059

Yesterday Close: 4109

Today at 16-01-2020 15:48:06 Crude Oil trading at 4114 with high of 4138 and low of 4104

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