GCMAsia - CrudeOIL
CrudeOIL
2017-06-07
| Resistance and Support | Level | Explanation |
| Resistance | 48.40 | H1 |
| Support | 47.90 | H1 |
CrudeOIL, H1: Crude oil price has recently break out from the top level of descending triangle, signaling a change in trend direction to move further upwards. As both MA line continues to expand upwards after the formation of golden cross, crude oil price is suggested to advance and retest near the resistance level of 48.40.
Resistance level: 48.40, 49.00
Support level: 47.90, 47.50, 46.95