GCMAsia - CrudeOIL
CrudeOIL
2020-01-22
CrudeOIL, H1: Crude oil was traded lower following prior retracement from the resistance level at 58.60. MACD which illustrate diminishing bullish momentum signal with the formation of death cross suggests the commodity to extend its losses toward the support level at 57.55.
Resistance level: 58.60, 59.70
Support level: 57.55, 56.80