GCMAsia - CrudeOIL
CrudeOIL
2017-08-22
| Resistance and Support | Level | Explanation |
| Resistance | 48.50 | Daily |
| Support | 47.00 | Daily |
CrudeOIL, Daily: Crude oil price remained traded within a narrowing triangle while recently closed below the support level of 48.50. The 20-MA line (red) which begins to head downwards suggests crude oil price to advance towards the bottom level of the triangle, near the support level of 47.00.
Resistance level: 48.50, 50.00
Support level: 47.00, 45.50