GCMAsia - CrudeOIL
CrudeOIL
2017-10-09
| Resistance and Support | Level | Explanation |
| Resistance | 50.20 | Daily |
| Support | 48.65 | Daily |
CrudeOIL, Daily: Crude oil price remained traded within a rising wedge while recently rebounded from the 60-MA line (green). Such price action suggests the commodity price to be traded higher in short-term towards the target of resistance level at 50.20.
Resistance level: 50.20, 52.40
Support level: 48.65, 47.05