GCMAsia - CrudeOIL
CrudeOIL
2018-03-05
| Resistance and Support | Level | Explanation |
| Resistance | 63.75 | Daily |
| Support | 60.80 | Daily |
CrudeOIL, Daily: Crude oil price remains traded within a narrowing triangle while recently rebounded from the support level at 60.80. Stochastic Oscillator which illustrate a rebound signal from the oversold region suggests the commodity price to be traded higher in short-term. Otherwise, long-term trend direction can only be determined following a successful breakout from either side of the triangle.
Resistance level: 63.75, 66.65
Support level: 60.80, 59.00