GCMAsia - CrudeOIL
CrudeOIL
2017-08-08
| Resistance and Support | Level | Explanation |
| Resistance | 49.40 | H1 |
| Support | 49.15 | H1 |
CrudeOIL, H1: Crude oil price remains traded within a descending triangle while recently retraced from the resistance level of 49.40. A closure below the support level of 49.15 would suggest an extension of downside bias towards the next target at 48.85 thereafter.
Resistance level: 49.40, 49.65
Support level: 49.15, 48.85