GCMAsia - CrudeOIL
CrudeOIL
2017-06-22
| Resistance and Support | Level | Explanation |
| Resistance | 43.00 | H4 |
| Support | 42.00 | H4 |
CrudeOIL, H4: Crude oil price remained traded within a downward channel following prior rebound from the bottom level. Such rebound suggests crude oil price to be traded higher in short-term towards the resistance level of 43.00. Likewise, long-term trend direction suggests crude oil price to extend its trading within the downward channel unless a breakout occur at its either side.
Resistance level: 43.00, 44.20
Support level: 42.00, 41.00