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170517 CrudeOIL

by | May 17, 2017 | Crudeoil | 0 comments

GCMAsia - CrudeOIL
CrudeOIL
CrudeOIL
2017-05-17
Resistance and Support Level Explanation
Resistance 48.75 H4
Support 47.55 H4

CrudeOIL, H4: Crude oil price was traded lower following prior closure below the 20-moving average line (red). MACD histogram which begins to show downward signal suggests crude oil price to extend its losses after breaking the support level of 47.55.

 

Resistance level: 48.75, 49.90

Support level: 47.55, 46.10