GCMAsia - CrudeOIL
CrudeOIL
2017-10-26
| Resistance and Support | Level | Explanation |
| Resistance | 52.20 | H1 |
| Support | 51.65 | H1 |
CrudeOIL, H1: Crude oil price was traded lower prior retracement from resistance level at 52.20. Upward slope of MACD histogram suggests crude oil price to trade higher but a breakout of the said resistance level is necessary for the commodity to gain further momentum to extend its gains.
Resistance level: 52.20, 52.55
Support level: 51.65, 51.25