REDATOR Ben Graham Posted January 27 REDATOR Report Share Posted January 27 [Crude Oil] With the appearance of a Bearish Divergence, #CL has the potential to weaken toward its nearest support level today. Key Levels1. Resistance. 2 : 62.312. Resistance. 1 : 61.573. Pivot : 60.944. Support. 1 : 60.205. Support. 2 : 59.57Tactical ScenarioPressure Zone: If the price breaks down below 60.20, there is potential of pressure toward 59.57.Momentum Extension Bias: If 59.57 is broken to the downside, there is potential to test 58.83. Invalidation Level / Bias RevisionThe downside bias is restrained if #CL breaks out and closes above 62.31. Technical SummaryEMA(50) : 60.73EMA(200): 60.39RSI(14) : 36.32 + Bearish DivergentEconomic News Release Agenda:Tonight the United States will release the following economic data:US - ADP Weekly Employment Change - TentativeUS - HPI m/m - 21:00 WIBUS - S&P/CS Composite-20 HPI y/y - 21:00 WIBUS - CB Consumer Confidence - 22:00 WIBUS - Richmond Manufacturing Index - 22:00 WIBUS - API Weekly Statistical Bulletin - 04:30 WIBThe material has been provided by InstaForex Company - www.instaforex.com Perfect! Thanks! Love it! Haha Confused :/ Oush! Wow! Liked! × 💬 Did you like this content? Your feedback is very important! Liked! Perfect! Thanks! Love it! Haha Confused :/ Oush! Wow! Quote Link to comment Share on other sites More sharing options...
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