GCMAsia - CrudeOIL
CrudeOIL
2017-08-10
| Resistance and Support | Level | Explanation |
| Resistance | 49.60 | H1 |
| Support | 49.40 | H1 |
CrudeOIL, H1: Crude oil price remained traded within a narrowing triangle following prior retracement from the top level. Stochastic Oscillator which illustrate retracement signal from overbought level suggests short-term downside bias to advance lower towards the target of 49.40.
Resistance level: 49.60, 49.80
Support level: 49.40, 49.15