GCMAsia - CrudeOIL
CrudeOIL
2018-07-12
| Resistance and Support | Level | Explanation |
| Resistance | 70.70 | H1 |
| Support | 69.30 | H1 |
CrudeOIL, H1: Crude oil price plunged sharply following prior retrace from the 20-MA line (red). However, MACD which illustrate diminished downward momentum suggests the commodity price to be traded higher in short-term as technical correction before extending its bearish trending.
Resistance level: 70.70, 71.30
Support level: 69.30, 67.90