Jump to content
Create New...

Crude Oil has the potential to weaken today

🎧
Analista ExpertFX

ExpertFX Podcast -
No time to read? Let me read it for you. Press Play!


Ben Graham
 Share

Recommended Posts

  • REDATOR

[Crude Oil]

With both EMAs position converging and moving between the bodies of the candlesticks, it confirms that #CL is in a sideways condition. However, the appearance of a Bearish Divergence on the RSI(14) suggests that #CL has the potential to weaken.

Key Levels

Level-Level Kunci

1. Resistance. 2 : 60.28

2. Resistance. 1 : 59.69

3. Pivot : 59.03

4. Support. 1 : 58.44

5. Support. 2 : 57.78

Tactical Scenario:

Pressure Zone: If the price of #CL breaks down below the level of 59.03, it may continue its decline toward 58.44.

Momentum Extension Bias: If 58.44 is broken, there is potential for Crude Oil to continue weakening down to 57.78.

Invalidation Level/ Bias Revision:

The downside bias is restrained if the price of Crude Oil strengthens and breaks above 60.28.

Technical Summary:

EMA(50) : 59.09

EMA(200): 59.02

RSI(14) : 50.00 + Bearish Divergent

Economic News Release Agenda:

Tonight, the following economic data will be released from the United States:

US - Challenger Job Cuts y/y - 19:30 WIB

US - Unemployment Claims - 20:30 WIB

US - Natural Gas Storage - 22:30 WIB

Crude Oil has the potential to weaken today - ExpertFX School

The material has been provided by InstaForex Company - www.instaforex.com
  • Perfect! 1
  • Love it! 2
  • Nova Reação 1
💬 Did you like this content? Your feedback is very important!
Link to comment
Share on other sites

Join the conversation

You can post now and register later. If you have an account, sign in now to post with your account.
Note: Your post will require moderator approval before it will be visible.

Terminal Visitor
Reply to this topic...

×   Pasted as rich text.   Paste as plain text instead

  Only 75 emoji are allowed.

×   Your link has been automatically embedded.   Display as a link instead

×   Your previous content has been restored.   Clear editor

×   You cannot paste images directly. Upload or insert images from URL.

 Share

TRADING HUB
● MARKET OPEN
Loading...
RETAILS SENTIMENT
INVERSE
  • Loading...


×
×
  • Create New...

Important Information

By using this site, you agree to our Terms of Use of Use and Privacy Policy

Search In
  • More options...
Find results that contain...
Find results in...

Write what you are looking for and press enter or click the search icon to begin your search

Live Global Sessions
Real-time NYSE Data Feed
Enjoying ExpertFX? 📈
Your review helps our community grow. Rate the app in seconds.