GCMAsia - CrudeOIL
CrudeOIL
2017-05-08
| Resistance and Support | Level | Explanation |
| Resistance | 47.20 | Daily |
| Support | 45.30 | Daily |
CrudeOIL, Daily: Crude oil price was traded higher following prior rebound from the support level of 45.30. As the downward momentum from MACD histogram begins to subside, crude oil price is expected to be traded higher in short-term as technical correction. Long-term trend direction is suggested to extend its downward momentum.
Resistance level: 47.20, 49.10
Support level: 45.30, 42.65