GCMAsia - CrudeOIL

CrudeOIL
2019-05-21

CrudeOIL, H1: Crude oil price remains traded within a sideways channel following prior retracement from the top level. MACD which illustrate diminished upward momentum suggests the its prices to be traded lower in short-term after closing below the 60-MA line (green).
Resistance level: 63.70, 64.70
Support level: 62.50, 61.00