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040717 CrudeOIL

by | Jul 4, 2017 | Crudeoil | 0 comments

GCMAsia - CrudeOIL
CrudeOIL
CrudeOIL
2017-07-04
Resistance and Support Level Explanation
Resistance 47.10 H1
Support 46.50 H1

CrudeOIL, H1: Crude oil price was traded lower following prior retracement near the resistance level of 47.10. MACD indicator which started to drift outside of upward momentum suggests crude oil price to be traded lower in short-term as technical correction.

 

Resistance level: 47.10, 47.60

Support level: 46.50, 45.75