GCMAsia - Crude Oil
CrudeOIL
2017-04-03
| Resistance and Support | Level | Explanation |
| Resistance | 52.15 | Daily |
| Support | 50.25 | Daily |
CrudeOIL, Daily: Crude oil price was traded higher following a rebound from the strong support level of 47.15 while concurrently closing above the 20-moving average line (red). With regards to the MACD histogram which illustrates upward signal and momentum, crude oil price is expected to extend its upward momentum after a rebound from the support level of 50.25.
Resistance level: 52.15, 55.20
Support level: 50.25, 48.70