GCMAsia - CrudeOIL
CrudeOIL
2017-07-05
| Resistance and Support | Level | Explanation |
| Resistance | 47.50 | H4 |
| Support | 46.70 | H4 |
CrudeOIL, H4: Crude oil price were traded flat in between the range of 46.70 and 47.50 due to lack of momentum. MACD indicator begins to drift outside of upward momentum suggests crude oil price to be traded lower in short-term as technical correction. Otherwise, long-term trend direction still suggests crude oil price to extend further upwards.
Resistance level: 47.50, 48.40
Support level: 46.70, 46.00