GCMAsia - CrudeOIL
CrudeOIL
2018-05-25
| Resistance and Support | Level | Explanation |
| Resistance | 71.20 | H1 |
| Support | 70.60 | H1 |
CrudeOIL, H1: Crude oil price was traded lower after breaking support level at 71.20. However, golden-cross as shown by MACD signal line would suggest the commodity price to undergo short-term technical correction to trade higher before continuing its bearish bias.
Resistance level: 71.20, 71.80
Support level: 70.60, 69.80