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GCMAsia - CrudeOIL
CrudeOIL
CrudeOIL
2018-05-29
Resistance and Support Level Explanation
Resistance 67.40 H4
Support 65.75 H4

CrudeOIL, H4: Crude oil price was traded higher following a rebound near the support level at 65.75. Diminishing downward momentum from MACD histogram may suggests the crude oil price to be traded higher in short-term as technical correction before extend its bearish bias for the mid-term.

 

Resistance level: 67.40, 68.30

Support level: 65.75, 64.05