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050421 CrudeOIL-Noon

by | Apr 5, 2021 | Crudeoil | 0 comments

GCMAsia-CrudeOIL
CrudeOIL
CrudeOIL
2021-04-05

CrudeOIL, H4: Crude oil price remain traded in sideway channel while currently testing near the resistance level 61.70. However, MACD which illustrate bullish momentum signal with the formation of golden cross suggest the commodity to be traded higher after it breaks above the resistance level 61.70.

 

Resistance level: 61.70, 63.70

Support level: 59.40, 57.50