GCMAsia - Crude Oil
CrudeOIL
2017-03-30
| Resistance and Support | Level | Explanation |
| Resistance | 49.60 | H4 |
| Support | 49.00 | H4 |
CrudeOIL, H4: Crude oil price remains traded within the sideways channel while currently testing at the top level of the channel. A breakout from this level would signal a change in trend direction for crude oil price to move further upwards. Otherwise, a retrace from this level may suggest crude oil price to be traded lower within the sideways channel in short-term thereafter.
Resistance level: 49.60, 50.10
Support level: 49.00, 48.45, 47.85, 47.10