GCMAsia - Crude Oil
CrudeOIL
2017-05-03
| Resistance and Support | Level | Explanation |
| Resistance | 48.15 | H1 |
| Support | 47.80 | H1 |
CrudeOIL, H1: Crude oil price was traded higher following prior rebound from the support level of 47.70. Indicator from MACD which begins to hover outside of downward momentum suggests crude oil price to be traded higher in short-term as technical correction. Otherwise, long-term trend direction still suggests crude oil price to extend its losses.
Resistance level: 48.15, 48.50
Support level: 47.80, 47.40