Crude Oil (Light Sweet) Technical Analysis: Weekly Chart
In the weekly charts, Crude Oil was trading in a down channel. Crude Oil is currently trading below all SMA except MA (20).
RSI is in the neutral zone which indicates neutralness. MACD is currently below zero which indicates bearishness.
Its immediate support is 75.00 the resistance level is at 87.00
Crude Oil was traded in a down channel before there is a downside breakout.
Crude Oil (light sweet) Technical Analysis: Daily Chart
In the daily charts, Crude Oil was trading in a down channel. Crude Oil is currently trading above all SMA.
RSI is in the buying zone which indicates bullishness. MACD is currently above zero which indicates bullishness.
Its immediate support is 76.15 the resistance level is 86.50
Crude Oil was traded in a down channel before there is an upside breakout
How to Trade Crude Oil this Week:
Crude Oil will follow the uptrend until its trend reversal. So, remain bullish on Crude Oil.
