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181220 CrudeOIL

by | Dec 18, 2020 | Crudeoil | 0 comments

GCMAsia-CrudeOIL
CrudeOIL
CrudeOIL
2020-12-18

CrudeOIL, H4: Crude oil price was traded higher while currently testing near the resistance level 48.60. However, MACD which illustrate diminishing bullish momentum signal suggest the commodity to be traded lower as a short-term technical correction towards the support level 46.40.

 

Resistance level: 48.60, 50.85

Support level: 46.40, 43.45