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010819 CrudeOIL-Noon

by | Aug 1, 2019 | Crudeoil | 0 comments

GCMAsia - CrudeOIL
CrudeOIL
CrudeOIL
2019-08-01

CrudeOIL, H4: Crude oil price was traded higher while currently testing the resistance level at 57.85. However, MACD which illustrate diminishing bullish momentum suggest the commodity to undergo short term technical correction toward the support level at 57.15.

 

Resistance level: 57.85, 58.90
Support level: 57.15, 55.90