GCMAsia-CrudeOIL

CrudeOIL
2020-05-12

CrudeOIL, H1: Crude oil price was traded within a range while currently near the resistance level at 26.15. However, MACD which illustrated increasing bearish momentum suggest the commodity to be traded lower in short-term as technical correction.
Resistance level: 26.15, 29.95
Support level: 22.80, 19.30