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110121 CrudeOIL

by | Jan 11, 2021 | Crudeoil | 0 comments

GCMAsia-CrudeOIL
CrudeOIL
CrudeOIL
2021-01-11

CrudeOIL, H4: Crude oil price was traded higher following prior breakout above the previous resistance level 51.30. However, MACD which illustrate diminishing bullish momentum signal suggest the commodity to be traded lower as a short-term technical correction towards the current support level 51.30.

 

Resistance level: 54.75, 57.40

Support level: 51.30, 48.35