GCMAsia - Crude Oil
CrudeOIL
2017-04-07
| Resistance and Support | Level | Explanation |
| Resistance | 52.60 | Daily |
| Support | 50.70 | Daily |
CrudeOIL, Daily: Crude oil price remains traded within an ascending triangle following prior rebound from the bottom level of the triangle. Currently, as the MACD histogram continues to illustrate upward signal and momentum while coupled within recent closure above the 60-moving average line (green), crude oil price is expected to extend its upward momentum after breaking the resistance level of 52.60.
Resistance level: 52.60, 55.00
Support level: 50.70, 48.65