empty
07.04.2026 06:49 AM
Technical Analysis of Crude Oil Intraday Price Movement. Tuesday, April 07, 2026

[Crude Oil]

With both EMAs condition forming a Golden Cross intersection and supported by RSI(14) indicator which is in the Neutral-Bullish level, then there is potential in the near term for #CL to test its nearest resistance level.

Key Levels

1. Resistance. 2 : 118.77

2. Resistance. 1 : 115.67

3. Pivot : 112.30

4. Support. 1 : 109.20

5. Support. 2 : 105.83

Tactical Scenario

Positive Reaction Zone: If the price holds and does not break below 112.30, there is a likelihood of an advance toward 115.67.

Momentum Extension Bias: If 115.67 is broken, Crude Oil could continue higher to test 118.77.

Invalidation Level / Bias Revision

The upside bias weakens if #CL falls and closes below 105.83.

Technical Summary

EMA(50) : 112.03

EMA(200): 106.71

RSI(14) : 66.10

Economic News Release Agenda:

Today the United States will release the following economic data:

US - ADP Weekly Employment Change - 19:15 WIB

US - Core Durable Goods Orders m/m - 19:30 WIB

US - Durable Goods Orders m/m - 19:30 WIB

US - RCM/TIPP Economic Optimism - tentative

US - Consumer Credit m/m - 02:00 WIB

US - API Weekly Statistical Bulletin - 03:30 WIB

This image is no longer relevant

Summary
Urgency
Analytic
Arief Makmur
Start trade
Earn on cryptocurrency rate changes with InstaForex
Download MetaTrader 4 and open your first trade
  • Grand Choice
    Contest by
    InstaForex
    InstaForex always strives to help you
    fulfill your biggest dreams.
    JOIN CONTEST
  • Chancy Deposit
    Deposit your account with $3,000 and get $1000 more!
    In April we raffle $1000 within the Chancy Deposit campaign!
    Get a chance to win by depositing $3,000 to a trading account. Having fulfilled this condition, you become a campaign participant.
    JOIN CONTEST
  • Trade Wise, Win Device
    Top up your account with at least $500, sign up for the contest, and get a chance to win mobile devices.
    JOIN CONTEST
  • 30% Bonus
    Receive a 30% bonus every time you top up your account
    GET BONUS

Recommended Stories

Binary Options are unavailable for trading in this region
Can't speak right now?
Ask your question in the chat.
Widget callback