GCM Asia – CRUDEOIL

CrudeOIL, H4: Crude oil price was traded lower following a prior break below from the previous support level at 70.65. MACD which illustrated decreasing bullish momentum suggests the commodity to extend its losses toward the support level at 68.30.   Resistance...

CrudeOIL, Daily: Crude oil price was traded lower following prior retracement from the resistance level. However, MACD which illustrated decreasing bearish momentum suggest the commodity to be traded higher as technical correction.   Resistance level: 69.75,...

CrudeOIL, H4: Crude oil price was traded higher following a prior rebound from the lower level. MACD which illustrated bullish momentum suggests the commodity to extend its gains toward the resistance level at 70.65.   Resistance level: 70.65, 73.20 Support...

CrudeOIL, Daily: Crude oil price was traded higher following prior breakout above the previous resistance level. MACD which illustrated decreasing bearish momentum suggest the commodity to extend its gains.   Resistance level: 73.10, 76.80 Support level: 69.75,...

CrudeOIL, H4: Crude oil price was traded lower following the prior retracement from the higher level. MACD which illustrated diminishing bullish momentum suggest the commodity to extend its losses toward the support level at 68.30.   Resistance level: 70.65,...

CrudeOIL, Daily: Crude oil price was traded higher following the prior rebound from the support level at 66.10. MACD which illustrated diminishing bearish momentum suggest the commodity to extend its gains toward the resistance level at 71.65.   Resistance level:...

CrudeOIL, H4: Crude oil price was traded lower following retracement from the higher level. However, MACD which illustrated bullish momentum suggests the commodity to undergo technical correction in the short term.   Resistance level: 68.30, 70.65 Support level:...

CrudeOIL, Daily: Crude oil price was traded lower while currently testing the support level at 66.10. MACD which illustrated bearish bias momentum suggest the commodity to extend its losses after it successfully breakout below the support level.   Resistance...

CrudeOIL, H4: Crude oil price was traded higher following a prior rebound from the support level at 66.05. MACD which illustrated increasing bullish momentum suggests the commodity to extend its gains toward the resistance level.   Resistance level: 68.30, 70.65...

CrudeOIL, Daily: Crude oil price was traded lower while currently testing the support level at 66.10. MACD which illustrated bearish bias momentum suggest the commodity to extend its losses after it successfully breakout below the support level.   Resistance...