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200219 CrudeOIL

by | Feb 20, 2019 | Crudeoil | 0 comments

GCMAsia - CrudeOIL
CrudeOIL
CrudeOIL
2019-02-20

CrudeOIL, H4: Crude oil price was traded flat after it breaks above the resistance level 55.75. However, MACD which illustrate diminishing bullish momentum suggest the pair to be traded lower as a short term technical correction towards the support level 55.75.

 

Resistance level: 57.50, 59.20

Support level: 55.75, 54.30