GCMAsia - CrudeOIL
CrudeOIL
2017-07-24
| Resistance and Support | Level | Explanation |
| Resistance | 47.00 | Daily |
| Support | 45.25 | Daily |
CrudeOIL, Daily: Crude oil price were traded lower following prior retracement near the threshold of 47.00. Recent closure below the 20-MA line (red) suggests further downside bias for crude oil price to extend its losses towards the support level of 45.25.
Resistance level: 47.00, 48.50
Support level: 45.25, 43.70