GCMAsia - CrudeOIL
CrudeOIL
2017-05-29
| Resistance and Support | Level | Explanation |
| Resistance | 50.00 | Daily |
| Support | 48.45 | Daily |
CrudeOIL, Daily: Crude oil price remained traded within a downward channel following prior retracement from the top level. With regards to the upward signal and momentum which begins to subside, crude oil price is expected to be traded lower in short-term after closing below the 60-moving average line (green).
Resistance level: 50.00, 52.00
Support level: 48.45, 47.00