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190520 CrudeOIL-Noon

by | May 19, 2020 | Crudeoil | 0 comments

GCMAsia-CrudeOIL
CrudeOIL
CrudeOIL
2020-05-19

CrudeOIL, H1: Crude oil price was traded lower following prior retracement from the resistance level at 32.75. MACD which illustrated increasing bearish momentum suggest the commodity to extend its losses toward support level at 28.85.

 

Resistance level: 32.75, 35.70

Support level: 28.85, 25.90