GCMAsia - CrudeOIL
CrudeOIL
2017-10-30
| Resistance and Support | Level | Explanation |
| Resistance | 55.20 | Daily |
| Support | 53.90 | Daily |
CrudeOIL, Daily: Crude oil price extended its gains following prior breakout from the top level of rising wedge, signaling a change in trend direction to move further upwards. A successful rebound from the support level of 53.90 would suggest the commodity price to advance further up, towards the strong resistance level at 55.20.
Resistance level: 55.20, 56.70
Support level: 53.90, 52.40