GCMAsia - Crude Oil
CrudeOIL
2017-04-06
| Resistance and Support | Level | Explanation |
| Resistance | 51.30 | H1 |
| Support | 50.75 | H1 |
CrudeOIL, H1: Crude oil price was traded higher following prior rebound from the support level near 50.75. Referring to the MACD indicator which continues to hover outside of downward momentum suggests crude oil price to be traded higher in the short-term as technical correction. Otherwise, long-term trend direction would suggest crude oil price to extend its downward momentum.
Resistance level: 51.30, 51.85
Support level: 50.75, 50.00