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[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 Levels
1. Resistance. 2 : 65.80
2. Resistance. 1 : 64.65
3. Pivot : 63.43
4. Support. 1 : 62.28
5. Support. 2 : 61.06
Tactical Scenario
Pressure 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 Revision
The downside bias is restrained if the price strengthens and breaks above 65,80.
Technical Summary
EMA(50) : 63.47
EMA(200): 63.46
RSI(14) : 38.85
Economic News Release Agenda:
Tonight there are no economic data releases from the United States.
*The market analysis posted here is meant to increase your awareness, but not to give instructions to make a trade.
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