GCMAsia - CrudeOIL
CrudeOIL
2018-03-08
| Resistance and Support | Level | Explanation |
| Resistance | 61.80 | H1 |
| Support | 60.80 | H1 |
CrudeOIL, H1: Crude oil price was traded higher following its rebound from support level at 60.80. MACD histogram that portrays diminishing bearish momentum would suggest the commodity price to undergo short-term technical correction to trade higher before extending its bearish bias.
Resistance level: 61.80, 62.50
Support level: 60.80, 60.20