GCMAsia - CrudeOIL
CrudeOIL
2018-08-09
| Resistance and Support | Level | Explanation |
| Resistance | 67.00 | H1 |
| Support | 66.40 | H1 |
CrudeOIL, H1: The price of crude oil has been traded higher following recent rebound from the support level 66.40. MACD which illustrate diminished bearish momentum with formation of golden cross suggest the pair may be traded higher as a short term technical correction after it breaks above the resistance level 67.00
Resistance level: 67.00, 67.90
Support level: 66.40, 65.70