GCMAsia - CrudeOIL
CrudeOIL
2017-08-07
| Resistance and Support | Level | Explanation |
| Resistance | 50.00 | Daily |
| Support | 48.50 | Daily |
CrudeOIL, Daily: Crude oil price were traded higher following prior rebound from the strong support level of 48.50. However, MACD which illustrate diminishing upward momentum suggests crude oil price to experience brief retracement period in the short-term before extending its uptrend in the long-term.
Resistance level: 50.00, 51.50
Support level: 48.50, 47.00