[Crude Oil]

With the Death Cross condition of both EMAs and the RSI in the Neutral-Bearish zone, sellers appear to still be dominant in Crude Oil throughout today.

Key Levels

1. Resistance. 2 : 58.35

2. Resistance. 1 : 57.51

3. Pivot : 56.95

4. Support. 1 : 56.11

5. Support. 2 : 55.55

Tactical Scenario:

Pressure Zone: If the price breaks down and closes below 56.11, there is potential for Crude Oil to test the level at 55.55.

Momentum Extension Bias: If 55.55 is broken, #CL may continue its decline down to 54.71.

Invalidation Level / Bias Revision:

The downside bias is restrained if the price of #CL unexpectedly strengthens and breaks above 58.35.

Technical Summary:

EMA(50) : 56.91

EMA(200): 57.69

RSI(14) : 37.45 WIB

Economic News Release Agenda:

Today, during the U.S. session, several important economic data releases will occur as follows:

US - ADP Weekly Employment Change - Tentative

US - Average Hourly Earnings m/m - 20:30 WIB

US- Core Retail Sales m/m - 20:30 WIB

US - Non-Farm Employment Change - 20:30 WIB

US - Retail Sales m/m - 20:30 WIB

US - Unemployment Rate - 20:30 WIB

US - Flash Manufacturing PMI - 21:45 WIB

US - Flash Services PMI - 21:45 WIB

US - Business Inventories m/m - 22:00 WIB

US - API Weekly Statistical Bulletin - 04:30 WIB