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GCMAsia-CrudeOIL
USDCHF
USDCHF
2020-08-03

CrudeOIL, H4: Crude oil price was traded lower while currently testing the support level at 40.10. However, MACD which illustrate diminishing bearish momentum signal suggest the commodity to undergo technical correction in short term toward the higher level.

 

Resistance level: 41.35, 42.50

Support level: 40.10, 39.00