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GCMAsia- CrudeOIL
CrudeOIL
CrudeOIL
2017-11-03
Resistance and Support Level Explanation
Resistance 56.95 Daily
Support 54.25 Daily

CrudeOIL, Daily: Crude oil price was traded higher prior gaining its support at 54.25. Bullish engulfing candlestick and upward slope of MACD signal line suggest the commodity price to extend higher in longer-term toward the resistance level at 56.95.

Resistance level: 56.95, 61.15

Support level: 54.25, 51.30