GCMAsia - CrudeOIL
CrudeOIL
2017-06-06
| Resistance and Support | Level | Explanation |
| Resistance | 47.85 | H4 |
| Support | 46.90 | H4 |
CrudeOIL, H4: Crude oil price extended its downtrend following prior downward expansion of both MA lines after the formation of death cross while currently testing near the strong support level of 46.90. A successful closure below the level of 46.90 would suggests crude oil price to move further down towards the target of support level at 45.50.
Resistance level: 47.85, 48.85
Support level: 46.90, 45.50