GCMAsia-CrudeOIL
CrudeOIL
2021-02-08
CrudeOIL, H4: Crude oil price was traded higher following prior breakout above the previous resistance level at 56.65. However, MACD which illustrated diminishing bullish momentum suggest the commodity to undergo technical correction in short term toward lower level.
Resistance level: 57.80, 58.65
Support level: 56.65, 55.40