GCMAsia - Crude Oil
CrudeOIL
2017-05-16
| Resistance and Support | Level | Explanation |
| Resistance | 49.20 | H1 |
| Support | 48.70 | H1 |
CrudeOIL, H1: Crude oil price was traded higher following prior rebound from the support level of 48.70. However, as the MACD indicator continues to drift outside of upward momentum, crude oil price may be traded lower in short-term as technical correction. Otherwise, long-term trend direction still suggests crude oil price to extend its uptrend.
Resistance level: 49.20, 49.65
Support level: 48.70, 48.15