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071218 CrudeOIL-Noon

by | Dec 7, 2018 | Crudeoil | 0 comments

GCMAsia - CrudeOIL
CrudeOIL
CrudeOIL
2018-12-07
Resistance and Support Level Explanation
Resistance 51.60 H1
Support 50.50 H1

CrudeOIL, H1: Crude oil price was traded lower following prior retracement from the resistance level 51.60. MACD which illustrate diminished bullish momentum suggest the commodity to extend its retracement towards the support level 50.50.

 

Resistance level: 51.60, 52.30

Support level: 50.50, 49.55