GCMAsia - CrudeOIL
CrudeOIL
2018-08-21
| Resistance and Support | Level | Explanation |
| Resistance | 65.60 | H1 |
| Support | 64.90 | H1 |
CrudeOIL, H1: The price of crude oil remains traded in a sideway channel while currently testing near the resistance level 65.60. Due to the lack of momentum in market and also lack of clear signal from MACD, it is suggested to wait until further signal appears such as breakout above the resistance level 65.60 or support level 64.90 before entering the market.
Resistance level: 65.60, 66.30
Support level: 64.90, 64.45