Crude Oil Trend Today Technical Analysis for 12-02-2020 17:00:04


In 1 hour chart Crude Oil price continues to trade at 3627 and below the (Exponential Moving Average)EMA200 value of 3706.92 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 3706.92 is proving a tough nut to crack.

Pivot (invalidation): 3582.33

Our preference: Long positions above 3609.67

Alternative scenario: Below 3550.67 look for further downside.

Support Resistance Levels For Crude Oil Today at 12-02-2020 17:00:04

Pivot: 3582.33

Resistance 1: 3609.67

Resistance 2: 3641.33

Resistance 3: 3668.67

Support 1: 3550.67

Support 2: 3523.33

Support 3: 3491.67

Yesterday High Low Close For Crude Oil

Yesterday High: 3614

Yesterday Low: 3555

Yesterday Close: 3578

Today at 12-02-2020 17:00:04 Crude Oil trading at 3627 with high of 3632 and low of 3580

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