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050918 CrudeOIL

by | Sep 5, 2018 | Crudeoil | 0 comments

GCMAsia - CrudeOIL
CrudeOIL
CrudeOIL
2018-09-05
Resistance and Support Level Explanation
Resistance 69.80 H1
Support 69.10 H1

CrudeOIL, H1: Crude oil price was recently traded lower following prior breakout below the support level 69.80. Recent price action and MACD which illustrate a persistent bearish momentum suggest the commodity to extend its losses towards the support level 69.10

 

Resistance level: 69.80, 70.30

Support level: 69.10, 68.35