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010817 CrudeOIL

by | Aug 1, 2017 | Crudeoil | 0 comments

GCMAsia - CrudeOIL
CrudeOIL
CrudeOIL
2017-08-01
Resistance and Support Level Explanation
Resistance 50.85 H4
Support 50.00 H4

CrudeOIL, H4: Crude oil price were traded higher following a rebound from the 20-MA line (red). Both MA lines which continues to expand upwards suggests crude oil price to extend its upward momentum towards the next target at 50.85.

 

Resistance level: 50.85, 51.70

Support level: 50.00, 49.00