GCMAsia - CrudeOIL
CrudeOIL
2017-07-12
| Resistance and Support | Level | Explanation |
| Resistance | 45.90 | H1 |
| Support | 45.45 | H1 |
CrudeOIL, H1: Crude oil price were traded lower following prior retracement near the resistance level of 45.90. Such price movement suggest its price to be traded lower in short-term as technical correction. Likewise, long-term trend direction suggests crude oil price to extend its uptrend after closing above the level of 45.90.
Resistance level: 45.90, 46.30
Support level: 45.45, 45.00