GCMAsia - CrudeOIL
CrudeOIL
2017-08-17
| Resistance and Support | Level | Explanation |
| Resistance | 47.10 | H1 |
| Support | 46.65 | H1 |
CrudeOIL, H1: Crude oil price was traded higher following a rebound near the support level of 46.65. Such price movement while coupled with diminishing downward momentum in MACD histogram suggests its price to be traded higher in short-term as technical correction. Otherwise, long-term trend direction skew towards downside bias.
Resistance level: 47.10, 47.50
Support level: 46.65, 46.30