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011019 CrudeOIL-Noon

by | Oct 1, 2019 | Crudeoil | 0 comments

GCMAsia- CrudeOIL
CrudeOIL
CrudeOIL
2019-10-01

CrudeOIL, H4: Crude oil price was traded lower following prior breakout below the previous support level 55.30. However, MACD which illustrate diminishing bearish momentum suggest the commodity to be traded higher as a short term technical correction towards the resistance level 55.30.

 

Resistance level: 55.30, 58.35

Support level: 53.00, 50.50