[Crude Oil] – [Tuesday, November 04, 2025]
Although the RSI remains in the Neutral-Bearish zone, but with both EMAs intersecting the Golden Cross, it gives an indication that there is an opportunity for upward movement today toward its nearest resistance level.
Key Levels:
1. Resistance. 2 : 61.99
2. Resistance. 1 : 61.50
3. Pivot : 61.01
4. Support. 1 : 60.52
5. Support. 2 : 60.03
Tactical Scenario:
Positive Reaction Zone: If the price of #CL rises above 61.01, it may have the opportunity to test 61.50.
Momentum Extension Bias: If 61.50 is breached and closed above, #CL will target 61.99.
Invalidation Level / Bias Revision:
The upside bias weakens if Crude Oil falls and closes below 60.03.
Technical Summary:
EMA(50) : 60.96
EMA(200): 60.68
RSI(14) : 46.93
Economic News Release Agenda:
Tonight, the United States will release RCM/TIPP Economic Optimism data, with a tentative timeline.
