GCMAsia - CrudeOIL
CrudeOIL
2017-05-26
| Resistance and Support | Level | Explanation |
| Resistance | 50.00 | H4 |
| Support | 48.85 | H4 |
CrudeOIL, H4: Crude oil price was traded higher following prior rebound while currently testing near the support level of 48.85. MACD indicator which continues to hover outside of downward momentum suggest crude oil price to be traded higher in short-term as technical correction. Otherwise, long-term trend direction still suggests crude oil price to extend its downward momentum.
Resistance level: 50.00, 52.00
Support level: 48.85, 47.85