GCMAsia - CrudeOIL
CrudeOIL
2018-07-17
| Resistance and Support | Level | Explanation |
| Resistance | 67.90 | H4 |
| Support | 65.90 | H4 |
CrudeOIL, H4: Crude oil price extended its losses following prior breakout from the support level near 67.90. However, MACD histogram which illustrate diminishing downward momentum suggests the commodity price to be traded higher in short-term as technical correction before extending its losses.
Resistance level: 67.90, 69.30
Support level: 65.90, 64.70