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GCMAsia - CrudeOIL
CrudeOIL
CrudeOIL
2018-07-23
Resistance and Support Level Explanation
Resistance 68.40 Daily
Support 66.40 Daily

CrudeOIL, Daily: Crude oil price pared its losses following prior rebound from the support level near 66.40. MACD histogram which illustrate diminishing downward momentum suggests the commodity price to extend its gains after breaking the resistance of 68.40.

 

Resistance level: 68.40, 70.45

Support level: 66.40, 64.10