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GCMAsia - CrudeOIL
CrudeOIL
CrudeOIL
2018-06-21
Resistance and Support Level Explanation
Resistance 65.75 H1
Support 64.10 H1

CrudeOIL, H1: Crude oil price extended gains following prior rebound from the lower level of descending channel. MACD histogram which illustrate diminished downward momentum suggests the commodity price to advance further up after closing above the resistance level at 65.75.

 

Resistance level: 65.75, 67.40

Support level: 64.10, 62.90