GCMAsia - CrudeOIL
CrudeOIL
2017-10-23
| Resistance and Support | Level | Explanation |
| Resistance | 52.40 | Daily |
| Support | 50.20 | Daily |
CrudeOIL, Daily: Crude oil price remains traded within a rising wedge while recently rebounded from the 20-MA line (red). A successful closure above the strong resistance level of 52.40 would suggest further upside bias ahead, towards the upper level of the wedge.
Resistance level: 52.40, 53.90
Support level: 50.20, 48.65