REDATOR Ben Graham Posted February 9 REDATOR Report Share Posted February 9 [Crude Oil] Although #CL is moving sideways, but sellers still appear to be trying to take control, as it is confirmed by the RSI(14) which is in the Neutral-Bearish level. Key Levels1. Resistance. 2 : 65.802. Resistance. 1 : 64.653. Pivot : 63.434. Support. 1 : 62.285. Support. 2 : 61.06Tactical ScenarioPressure Zone: If the price breaks down below 62.28, there is potential pressure toward 61.06.Momentum Extension Bias: If 61.06 is also broken to the downside, there is potential for further weakness down to 59.91.Invalidation Level / Bias RevisionThe downside bias is restrained if the price strengthens and breaks above 65,80.Technical Summary EMA(50) : 63.47EMA(200): 63.46RSI(14) : 38.85Economic News Release Agenda:Tonight there are no economic data releases from the United States.The 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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