[Crude Oil]
With the EMA in a Golden Cross position and the RSI in the Neutral-Bullish level, then the potential for #CL to strengthen today is very promising.
Key Levels:
1. Resistance. 2 : 61.91
2. Resistance. 1 : 61.29
3. Pivot : 60.30
4. Support. 1 : 59.68
5. Support. 2 : 58.69
Tactical Scenario:
Positive Reaction Zone: If the price of #CL strengthens and breaks above 61.29, it may continue to rise to 61.91.
Momentum Extension Bias: If 61.91 is successfully broken, there is potential for further strength to 62.90.
Invalidation Level / Bias Revision:
The upside bias weakens if the price of Crude Oil declines and breaks below 58.69.
Technical Summary:
EMA(50) : 60.22
EMA(200): 59.86
RSI(14) : 54.67
Economic News Release Agenda:
Tonight, the following economic data will be released from the U.S. market session:
US - Trade Balance - 20:30 WIB
US - Crude Oil Inventories - 22:30 WIB
