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GCMAsia - CrudeOIL
CrudeOIL
CrudeOIL
2018-06-26
Resistance and Support Level Explanation
Resistance 69.50 H4
Support 67.40 H4

CrudeOIL, H4: Crude oil price was traded lower following prior retracement from the strong resistance level of 69.50. However, both MA line which continues to expand upwards after the formation of golden cross suggests its price to advance further up and retest at the target of 69.50.

 

Resistance level: 69.50, 71.15

Support level: 67.40, 65.75