FX.co ★ 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