Crude Oil Trend Today Technical Analysis for 11-02-2020 18:00:02


In 1 hour chart Crude Oil price continues to trade at 3605 and below the (Exponential Moving Average)EMA200 value of 3723.45 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 3723.45 is proving a tough nut to crack.

Pivot (invalidation): 3559.67

Our preference: Long positions above 3588.33

Alternative scenario: Below 3504.33 look for further downside.

Support Resistance Levels For Crude Oil Today at 11-02-2020 18:00:02

Pivot: 3559.67

Resistance 1: 3588.33

Resistance 2: 3643.67

Resistance 3: 3672.33

Support 1: 3504.33

Support 2: 3475.67

Support 3: 3420.33

Yesterday High Low Close For Crude Oil

Yesterday High: 3615

Yesterday Low: 3531

Yesterday Close: 3533

Today at 11-02-2020 18:00:02 Crude Oil trading at 3605 with high of 3610 and low of 3555

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