GCMAsia - Crude Oil
CrudeOIL
2017-05-05
| Resistance and Support | Level | Explanation |
| Resistance | 46.20 | H4 |
| Support | 45.30 | H4 |
CrudeOIL, H4: Crude oil price has recently slipped out from the bottom level of downward channel, signifying the change in trend direction to move further downwards. As MACD histogram continues to illustrate prominent downward signal and momentum, a closure below the support level of 45.30 would suggest crude oil price to extend its losses.
Resistance level: 46.20, 47.00
Support level: 45.30, 44.35