GCMAsia-CrudeOIL
CrudeOIL
2021-01-12
CrudeOIL, H4: Crude oil price was traded higher following recent breakout above the previous resistance level 51.30. However, MACD which illustrate bearish bias signal with the formation of death cross suggest the commodity to experience a short term technical correction towards the support level 51.30.
Resistance level: 54.75, 57.40
Support level: 51.30, 48.35