GCMAsia - CrudeOIL
CrudeOIL
2017-07-21
| Resistance and Support | Level | Explanation |
| Resistance | 47.15 | H1 |
| Support | 46.80 | H1 |
CrudeOIL, H1: Crude oil price remains traded within an upward channel while recently closed below the 60-MA line (green). Stochastic Oscillator which begin to show retracement signal suggests crude oil price to be traded lower towards the support level of 46.80. A breakout from the bottom level of the channel will signal a change in trend direction to move further downwards.
Resistance level: 47.15, 47.65
Support level: 46.80, 46.35