GCMAsia - CrudeOIL
CrudeOIL
2018-05-17
| Resistance and Support | Level | Explanation |
| Resistance | 71.70 | H1 |
| Support | 71.20 | H1 |
CrudeOIL, H1: Crude oil price was traded lower prior retracement from resistance level at 71.70. A lack of momentum from candlestick pattern formation would suggest the commodity price to undergo short-term technical correction to trade lower before continuing its bullish bias again.
Resistance level: 71.70, 73.60
Support level: 71.20, 70.60