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180517 CrudeOIL

by | May 18, 2017 | Crudeoil | 0 comments

GCMAsia - CrudeOIL
CrudeOIL
CrudeOIL
2017-05-18
Resistance and Support Level Explanation
Resistance 49.90 H4
Support 48.75 H4

CrudeOIL, H4: Crude oil price remains traded within an upward channel while currently testing at the bottom level of the channel. A breakout from this level would signal a change in trend direction to move further downwards. Otherwise, a rebound will suggest crude oil price to be traded within an upward channel trend thereafter.

 

Resistance level: 49.90, 51.60

Support level: 48.75, 47.55