GCMAsia - CrudeOIL
CrudeOIL
2018-07-13
| Resistance and Support | Level | Explanation |
| Resistance | 70.70 | H1 |
| Support | 69.30 | H1 |
CrudeOIL, H1: Crude oil price was traded higher following prior rebound from the support level of 69.30. However, MACD histogram which illustrate diminishing upward momentum may suggest the commodity price to resume its bearish bias following a retracement from the 20-MA line (red).
Resistance level: 70.70, 71.30
Support level: 69.30, 67.90