GCMAsia - CrudeOIL
CrudeOIL
2018-11-05
| Resistance and Support | Level | Explanation |
| Resistance | 63.80 | H1 |
| Support | 62.50 | H1 |
CrudeOIL, H1: Crude oil price remains traded within a downtrend following prior retracement from the 20-MA line (red). MACD which begins to form a death cross signal suggests the commodity price to extend its losses after breaking the support level at 62.50.
Resistance level: 63.80, 65.45
Support level: 62.50, 61.05