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070119 CrudeOIL

by | Jan 7, 2019 | Crudeoil | 0 comments

GCMAsia - CrudeOIL
CrudeOIL
CrudeOIL
2019-01-07
Resistance and Support Level Explanation
Resistance 50.35 H1
Support 48.35 H1

CrudeOIL, H1: Crude oil price was traded higher following prior breakout above the previous resistance level 48.35. MACD which display diminishing bearish momentum suggest the commodity to extend its gains towards the resistance level 50.35.

Resistance level: 50.35, 52.90

Support level: 48.35, 46.65