GCMAsia - CrudeOIL
CrudeOIL
2018-07-16
| Resistance and Support | Level | Explanation |
| Resistance | 70.45 | Daily |
| Support | 68.40 | Daily |
CrudeOIL, Daily: Crude oil price was traded lower following prior retracement from the resistance level of 74.00. MACD histogram which illustrate bearish signal suggests the commodity price to extend its losses. However, a close below 60-MA line (green) is required to validate such bias.
Resistance level: 70.45, 74.00
Support level: 68.40, 66.40