REDATOR Ben Graham Posted February 2 REDATOR Report Share Posted February 2 [Crude Oil] With all technical conditions supporting a strengthening in Crude Oil, then in the near term #CL is likely to move toward its nearest Resistance level.Key Levels1. Resistance. 2 : 68.262. Resistance. 1 : 66.873. Pivot : 65.074. Support. 1 : 63.685. Support. 2 : 61.88Tactical ScenarioPositive Reaction Zone: If the price breaks above 66.87, there is potential for #CL to move toward 68.26.Momentum Extension Bias: If 68.26 is broken, #CL may continue its rally toward 70.06. Invalidation Level / Bias RevisionThe upside bias weakens if #CL falls and closes below 61.88. Technical SummaryEMA(50) : 64.99EMA(200): 63.41RSI(14) : 59.65Economic News Release Agenda:Tonight the United States will release the following economic data:US - Final Manufacturing PMI - 21:45 WIBUS - ISM Manufacturing PMI - 22:00 WIBUS - ISM Manufacturing Prices - 22:00 WIBThe material has been provided by InstaForex Company - www.instaforex.com Visitante_87e7523d 1 1 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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