GCMAsia - CrudeOIL
CrudeOIL
2018-07-31
| Resistance and Support | Level | Explanation |
| Resistance | 70.30 | H1 |
| Support | 69.80 | H1 |
CrudeOIL, H1: Crude oil price remains traded within an ascending channel while recently rebounded from the support level near 69.80. However, MACD histogram which illustrate diminished upward momentum suggests the commodity price to be traded lower in short-term as technical correction.
Resistance level: 70.30, 70.75
Support level: 69.80, 69.20