GCMAsia - CrudeOIL
CrudeOIL
2018-11-26
| Resistance and Support | Level | Explanation |
| Resistance | 53.90 | H1 |
| Support | 49.50 | H1 |
CrudeOIL, H1: Crude oil price was traded lower following prior breakout from the strong support near 53.90. However, MACD which illustrate diminishing downward momentum suggests the pair to be traded higher in short-term as technical correction.
Resistance level: 53.90, 55.35
Support level: 49.50, 47.50