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20191025 CrudeOIL

by | Oct 25, 2019 | Crudeoil | 0 comments

GCMAsia - CrudeOIL
CrudeOIL
CrudeOIL
2019-10-25

CrudeOIL, H4: Crude oil price was traded higher following prior breakout above the previous resistance level 54.80. However, MACD which illustrate diminishing bullish momentum signal suggest the commodity to be traded lower as a technical correction in short term towards the support level 54.80.

 

Resistance level: 58.35, 62.00

Support level: 54.80, 51.45