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270520 CrudeOIL

by | May 27, 2020 | Crudeoil | 0 comments

GCMAsia - CrudeOIL
CrudeOIL
CrudeOIL
2020-05-27

CrudeOIL, H4: Crude oil price remain traded in a sideway channel while currently testing near the resistance level 35.35. However, MACD which illustrate diminishing bearish bias signal suggest the commodity to be traded higher after it breaks above the resistance level.

 

Resistance level: 35.50, 39.50

Support level: 30.95, 26.70