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050520 CrudeOIL-Noon

by | May 5, 2020 | Crudeoil | 0 comments

GCMAsia-CrudeOIL
CrudeOIL
CrudeOIL
2020-05-05

CrudeOIL, H4: Crude oil price was traded higher following prior breakout above the previous resistance level at 20.65. MACD which illustrated increasing bullish momentum suggest the commodity to extend its gains toward resistance level at 24.30.

 

Resistance level: 24.30, 28.50

Support level: 20.65, 17.70