GCMAsia - CrudeOIL
CrudeOIL
2017-11-08
| Resistance and Support | Level | Explanation |
| Resistance | 58.10 | Daily |
| Support | 55.90 | Daily |
CrudeOIL, Daily: Crude oil price was traded higher prior gaining its support at 55.90. Formation of a long bullish candlestick and upward slope of MACD signal line suggest ongoing bullish momentum for the commodity price to trade higher toward the resistance level at 58.10.
Resistance level: 58.10, 62.55
Support level: 55.90, 54.75