GCMAsia-CrudeOIL

CrudeOIL
2020-08-19

CrudeOIL, H4: Crude oil price was traded higher following prior rebound from the support level at 42.70. However, MACD which illustrate diminishing bullish momentum suggest the commodity to undergo technical correction toward lower level.
Resistance level: 43.55, 44.50
Support level: 42.70, 42.05