GCMAsia - CrudeOIL
CrudeOIL
2017-07-26
| Resistance and Support | Level | Explanation |
| Resistance | 48.50 | Daily |
| Support | 47.00 | Daily |
CrudeOIL, Daily: Crude oil price remains traded within a downward channel while currently testing near the top level near the resistance level of 48.50. Both MA lines which continues to narrow upwards suggests a chance to occur breakout from the top level and signal an extension of uptrend thereafter.
Resistance level: 48.50, 50.00
Support level: 47.00, 45.25