GCMAsia - CrudeOIL
CrudeOIL
2017-10-16
| Resistance and Support | Level | Explanation |
| Resistance | 52.40 | Daily |
| Support | 50.20 | Daily |
CrudeOIL, Daily: Crude oil price remained traded within a rising wedge while recently opened lower near the resistance level of 52.40. A retracement from this level would suggest short-term downside bias for the commodity price to advance towards the first target at 50.20.
Resistance level: 52.40, 53.90
Support level: 50.20, 48.65