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130918 CrudeOIL

by | Sep 13, 2018 | Crudeoil | 0 comments

GCMAsia - CrudeOIL
CrudeOIL
CrudeOIL
2018-09-13
Resistance and Support Level Explanation
Resistance 70.45 H1
Support 69.55 H1

CrudeOIL, H1: Crude oil price was recently traded lower following prior breakout below the previous support level 70.45. Recent price movement and MACD which display a bearish momentum suggest the commodity to extend its losses towards the support level 69.55.

 

Resistance level: 70.45, 71.25

Support level: 69.55, 68.55