GCMAsia - CrudeOIL
CrudeOIL
2018-04-06
| Resistance and Support | Level | Explanation |
| Resistance | 63.80 | H1 |
| Support | 63.00 | H1 |
CrudeOIL, H1: Crude oil price was traded lower following its failure to break resistance level at 63.80. The commodity price is currently testing the support level at 63.00. MACD histogram that shows increasing bearish momentum would suggest crude oil price to extend its losses if breakout at the said support level is successful.
Resistance level: 63.80, 64.20
Support level: 63.00, 62.30