GCMAsia-CrudeOIL

CrudeOIL
2021-02-01

CrudeOIL, H4: Crude oil price was traded within a range while currently near the support level at 51.75. However, MACD which illustrated diminishing bearish momentum suggest the commodity to be traded higher in short-term as technical correction.
Resistance level: 53.75, 55.80
Support level: 51.75, 50.00