GCMAsia -CrudeOIL
CrudeOIL
2017-10-24
| Resistance and Support | Level | Explanation |
| Resistance | 52.50 | H4 |
| Support | 51.65 | H4 |
CrudeOIL, H4: Crude oil price was traded higher prior breaking resistance level at 51.65. A lack of momentum as shown by MACD signal line and candlestick pattern suggest to wait for confirmation breakout to gauge the direction of this commodity in nearer term.
Resistance level: 52.50, 53.70
Support level: 51.65, 51.25