GCMAsia- CrudeOIL
CrudeOIL
2018-03-06
| Resistance and Support | Level | Explanation |
| Resistance | 63.25 | H1 |
| Support | 61.80 | H1 |
CrudeOIL, H1: Crude oil price was traded higher prior gaining its support above the 200-MA line. However, MACD histogram that portrays diminishing bullish momentum would suggest the commodity price to undergo short-term technical correction to trade lower before continuing its bullish bias.
Resistance level: 63.25, 64.55
Support level: 61.80, 60.90