GCMAsia - CrudeOIL

CrudeOIL

CrudeOIL, H1: Crude oil price remains traded within a descending channel following prior retrace from the upper level. MACD which illustrate diminished upward momentum suggests its prices to be traded lower, after closing below 53.70.
Resistance level: 54.40, 55.20
Support level: 53.70, 52.80