GCMAsia - CrudeOIL
CrudeOIL
2017-07-20
| Resistance and Support | Level | Explanation |
| Resistance | 48.50 | Daily |
| Support | 47.00 | Daily |
CrudeOIL, Daily: Crude oil price was traded higher following prior closure above the strong resistance level of 47.00. Both MA lines which continues to narrow upwards suggest crude oil price to move further up, towards the top level of downward channel.
Resistance level: 48.50, 50.00
Support level: 47.00, 45.25