GCMAsia - CrudeOIL
CrudeOIL
2018-05-14
| Resistance and Support | Level | Explanation |
| Resistance | 70.00 | Daily |
| Support | 66.45 | Daily |
CrudeOIL, Daily: Crude oil price was traded higher following prior rebound before the support level of 70.00. Both MA lines which continues to expand upwards suggests further bullish bias. Thus, overall major trend still suggests the commodity price to extend its gains towards the direction of resistance level near 71.55.
Resistance level: 70.00, 71.55
Support level: 66.45, 63.65