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GCMAsia - CrudeOIL
CrudeOIL
CrudeOIL
2018-08-07
Resistance and Support Level Explanation
Resistance 69.25 H1
Support 68.55 H1

CrudeOIL, H1: The price of crude oil was traded higher following recent rebound from the trend line. MACD which display diminishing bearish momentum suggest the pair may extend its gains if it breaks above the resistance level 69.25.

 

Resistance level: 69.25, 69.80

Support level: 68.55, 67.90