GCMAsia - CrudeOIL

CrudeOIL
2020-06-02

CrudeOIL, H4: Crude oil price was traded higher following prior breakout above the previous resistance level at 34.35. However, MACD which illustrate diminishing bullish momentum suggest the commodity to undergo technical correction toward the support level at 34.35.
Resistance level: 38.00, 41.05
Support level: 34.35, 31.25