GCMAsia - CrudeOIL
CrudeOIL
2017-05-31
| Resistance and Support | Level | Explanation |
| Resistance | 49.60 | H1 |
| Support | 49.00 | H1 |
CrudeOIL, H1: Crude oil price remained traded within a narrowing triangle while recently retraced from the top level of the triangle. It is suggested to be traded lower in short-term, towards the lower level of the triangle. Long-term trend direction could only be determined following a successful breakout from either side of the triangle.
Resistance level: 49.60, 50.00
Support level: 49.00, 48.15