GCMAsia - CrudeOIL
CrudeOIL
2017-08-14
| Resistance and Support | Level | Explanation |
| Resistance | 50.00 | Daily |
| Support | 48.50 | Daily |
CrudeOIL, Daily: Crude oil price was traded lower following prior retracement from the strong resistance level of 50.00. MACD histogram which begins to illustrate negative divergence signal suggests crude oil price to extend its losses after closing below the support level of 48.50.
Resistance level: 50.00, 51.50
Support level: 48.50, 47.00