GCMAsia - CrudeOIL
CrudeOIL
2018-07-09
| Resistance and Support | Level | Explanation |
| Resistance | 74.00 | Daily |
| Support | 70.45 | Daily |
CrudeOIL, Daily: Crude oil price was traded lower following prior retracement from the strong resistance at 74.00. MACD histogram which illustrate diminishing upward momentum suggests the commodity price to be traded lower in short-term as technical correction. Long-term trend direction is still subject to upward trendline.
Resistance level: 74.00, 77.55
Support level: 70.45, 68.40