GCMAsia - CrudeOIL
CrudeOIL
2017-05-25
| Resistance and Support | Level | Explanation |
| Resistance | 51.80 | Daily |
| Support | 49.10 | Daily |
CrudeOIL, Daily: Crude oil price remains traded within a downward channel while currently testing near the key resistance level at 51.80 and top level of the channel. Referring to both MA lines which continues to narrow upwards, it suggests a higher chance of breaking the top level of the channel and move further upwards thereafter.
Resistance level: 51.80, 53.75
Support level: 49.10, 47.20