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GCMAsia - CrudeOIL
CrudeOIL
CrudeOIL
2018-07-06
Resistance and Support Level Explanation
Resistance 73.80 H1
Support 72.25 H1

CrudeOIL, H1: Crude oil price extended losses following prior breakout at support level of 72.80. Both MA line and MACD histogram which illustrate downward signal suggest the commodity price to advance further down, towards the direction of 72.25.

 

Resistance level: 73.80, 73.60

Support level: 72.25, 71.15