GCMAsia - CrudeOIL
CrudeOIL
2017-10-02
| Resistance and Support | Level | Explanation |
| Resistance | 53.00 | Daily |
| Support | 51.60 | Daily |
CrudeOIL, Daily: Crude oil price was traded lower following prior retrace while currently testing at the support level of 51.60. Upward signal from MACD histogram which continues to diminish suggests further downside bias and its price is expected to advance further downwards after closing below the level of 51.60.
Resistance level: 53.00, 54.40
Support level: 51.60, 50.00