GCMAsia - Crude Oil
CrudeOIL
2017-04-10
| Resistance and Support | Level | Explanation |
| Resistance | 52.60 | Daily |
| Support | 50.70 | Daily |
CrudeOIL, Daily: Crude oil price remains traded within an ascending triangle following prior rebound from the bottom level of the triangle. With regards to the MACD histogram which continues to illustrate moderate upward signal and momentum, crude oil price is expected to extend its upward momentum after a successful closure above the resistance level of 52.60.
Resistance level: 52.60, 55.00
Support level: 50.70, 48.65