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180417 CrudeOIL

by | Apr 18, 2017 | Crudeoil | 0 comments

GCMAsia - Crude Oil
CrudeOIL
CrudeOIL
2017-04-18
Resistance and Support Level Explanation
Resistance 53.20 H1
Support 52.90 H1

CrudeOIL, H1: Crude oil price remains traded within an upward channel while currently testing near the bottom level of the channel. A breakout from this level would signal a change in trend direction to move further downwards thereafter. Otherwise, a rebound would suggest crude oil price to be traded higher for short-term within the channel thereafter.

 

Resistance level: 53.20, 53.45

Support level: 52.90, 52.60