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011117 CrudeOIL

by | Nov 1, 2017 | Crudeoil | 0 comments

GCMAsia - CrudeOIL
CrudeOIL
CrudeOIL
2017-11-01
Resistance and Support Level Explanation
Resistance 54.65 H4
Support 53.95 H4

Crude OIL, H4: Crude oil price was traded higher prior breaking resistance level at 53.95. The commodity is currently testing the next resistance level at 54.65. Successful closure above the said resistance level would further indicates crude oil price to extend its momentum to trade higher toward the next resistance level at 57.20.

Resistance level: 54.65, 57.20

Support level: 53.95, 53.40