GCMAsia -CrudeOIL
CrudeOIL
2017-09-14
| Resistance and Support | Level | Explanation |
| Resistance | 50.20 | Daily |
| Support | 48.70 | Daily |
Crude OIL, Daily: Crude oil price was traded higher after breaking above resistance level at 48.70 and 200-MA line. Formation of long bullish candlestick and upward slope of MACD signal line suggests crude oil price to move higher, testing the resistance level at 50.20.
Resistance level: 50.20, 52.00
Support level: 48.70, 47.20