GCMAsia - CrudeOIL
CrudeOIL
2017-05-22
| Resistance and Support | Level | Explanation |
| Resistance | 52.80 | Daily |
| Support | 50.85 | Daily |
CrudeOIL, Daily: Crude oil price extended its gains following prior closure above both moving average line and 61.8 level of Fibonacci retracement. As the MACD histogram continues to illustrate upward signal and momentum, it is suggested to advance further up, towards the target of resistance level at 52.80.
Resistance level: 52.80, 55.20
Support level: 50.85, 49.50