GCMAsia - CrudeOIL
CrudeOIL
2018-07-02
| Resistance and Support | Level | Explanation |
| Resistance | 74.00 | Daily |
| Support | 70.45 | Daily |
CrudeOIL, Daily: Crude oil was traded lower following prior retracement from the psychological level at 74.00. MACD histogram which illustrate diminished upward momentum suggest the commodity price to be traded lower in short-term as technical correction. Otherwise, long-term trend direction is still subject to current upward trendline.
Resistance level: 74.00, 77.55
Support level: 70.45, 68.40