GCMAsia - CrudeOIL
CrudeOIL
2018-05-16
| Resistance and Support | Level | Explanation |
| Resistance | 71.20 | H1 |
| Support | 70.60 | H1 |
CrudeOIL, H1: Crude oil price was traded lower prior retracement from resistance level at 71.20. A lack of obvious signal from both candlestick pattern and MACD would suggest to wait for confirmation breakout to grasp the movement of the commodity price in the near future.
Resistance level: 71.20, 71.70
Support level: 70.60, 69.80