empty
 
 
nl
Ondersteuning
Direct openen van een account
Trading Platform
Storting/opname

04.12.202508:33 Forex Analyse & Reviews: Crude Oil has the potential to weaken today

[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

Exchange Rates 04.12.2025 analysis

*The market analysis posted here is meant to increase your awareness, but not to give instructions to make a trade.

Benefit from analysts’ recommendations right now
Top up trading account
Open trading account

InstaSpot analytical reviews will make you fully aware of market trends! Being an InstaSpot client, you are provided with a large number of free services for efficient trading.

Kan u nu niet praten?
Stel uw vraag in de chat.