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GCMAsia - CrudeOIL
CrudeOIL
CrudeOIL
2017-07-18
Resistance and Support Level Explanation
Resistance 46.50 H1
Support 46.15 H1

CrudeOIL, H1: Crude oil price remains traded within an upward channel following prior rebound from the support level of 46.15. A closure above the resistance level of 46.50 would suggest crude oil price to extend its gains towards the upper level of the channel.

 

Resistance level: 46.50, 46.90

Support level: 46.15, 45.65