GCMAsia - CrudeOIL
CrudeOIL
2018-05-31
| Resistance and Support | Level | Explanation |
| Resistance | 68.30 | H1 |
| Support | 67.40 | H1 |
CrudeOIL, H1: Crude oil price was traded lower following prior retracement from the resistance level at 68.30. MACD histogram which illustrate diminished upward momentum may suggest the commodity price to extend its losses in short-term as technical correction, towards the 20-MA line (red).
Resistance level: 68.30, 69.45
Support level: 67.40, 65.75