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GCMAsia - CrudeOIL
CrudeOIL
CrudeOIL
2018-05-21
Resistance and Support Level Explanation
Resistance 73.80 Daily
Support 68.60 Daily

CrudeOIL, Daily: Crude oil price was traded higher following prior breakout from the resistance level of 68.60. Both MA lines which continues to expand upwards in tandem of current major trend suggests the commodity price to advance further upwards, towards the target of resistance level at 73.80.

 

Resistance level: 73.80, 77.75

Support level: 68.60, 66.10