GCMAsia - CrudeOIL
CrudeOIL
2017-09-18
| Resistance and Support | Level | Explanation |
| Resistance | 51.65 | Daily |
| Support | 50.00 | Daily |
CrudeOIL, Daily: Crude oil price extended gains following prior successful breakout from the top level of narrowing triangle, signaling a change in trend direction to move further upwards. MACD indicator which illustrate substantial upward momentum suggests the price to extend its gains, towards the next target at the resistance level of 51.65.
Resistance level: 51.65, 53.00
Support level: 50.00, 48.50