GCMAsia - Crude Oil
CrudeOIL
2017-04-26
| Resistance and Support | Level | Explanation |
| Resistance | 49.70 | H1 |
| Support | 49.10 | H1 |
CrudeOIL, H1: Crude oil price was traded higher following prior rebound from the support level of 49.10. As the MACD indicator continues to hover outside of downward momentum, crude oil price is suggested to be traded higher in short-term as technical correction. Long-term trend direction still suggests a downtrend.
Resistance level: 49.70, 50.20
Support level: 49.10, 48.60