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GCMAsia - CrudeOIL
CrudeOIL
CrudeOIL
2018-12-13
Resistance and Support Level Explanation
Resistance 52.00 H1
Support 50.25 H1

CrudeOIL, H1: Crude oil price was traded higher following prior rebound from the lower level of sideways channel. MACD which illustrate diminishing downward momentum suggests its prices to advance further up in short-term, towards the direction of 52.00.

 

Resistance level: 52.00, 53.90

Support level: 50.25, 49.50