GCMAsia - CrudeOIL

CrudeOIL
2020-07-03

CrudeOIL, H4: Crude oil price was traded higher following prior breakout above the previous resistance level at 39.15. However, MACD which illustrate diminishing bullish momentum suggest the commodity to undergo short term technical correction toward the lower level.
Resistance level: 41.35, 43.75
Support level: 39.15, 37.45