GCMAsia - CrudeOIL
CrudeOIL
2017-10-27
| Resistance and Support | Level | Explanation |
| Resistance | 53.00 | H1 |
| Support | 52.55 | H1 |
CrudeOIL, H1: Crude oil price was traded higher after breaking resistance level at 52.55. However, formation of pin bar candlesticks and downward slope of MACD histogram suggest crude oil price to undergo short-term technical correction to trade lower toward the support level at 52.55 before extending its gain.
Resistance level: 53.00, 53.70
Support level: 52.55, 52.20