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GCMAsia - CrudeOIL
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

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