Crude oil hovers near resistance levels
Crude oil prices are currently trading sideways near the resistance levels of 4,010. Prices are struggling to sustain above 4,010 levels. On the hourly chart, RSI has gone above 40 levels, indicating a change in the current down trend.
On the other hand, on houlry chart MACD line has given a cross over above the signal line, which indicates that down trend has ended. If prices manage to sustain above 4,010 levels, then it can rally up till 4,060/4,080 levels.