GCMAsia - Crude Oil
CrudeOIL
2017-03-28
| Resistance and Support | Level | Explanation |
| Resistance | 48.00 | H1 |
| Support | 47.50 | H1 |
CrudeOIL, H1: Crude oil price was traded higher following prior rebound form the support level of 47.50 while currently testing near the resistance level of 48.00. With regards to the MACD histogram which illustrate upward signal and momentum, a closure above the level of 48.00 would suggest crude oil price to extend its upward momentum.
Resistance level: 48.00, 48.45
Support level: 47.50, 47.00