GCMAsia - CrudeOIL
CrudeOIL
2017-08-23
| Resistance and Support | Level | Explanation |
| Resistance | 47.95 | H4 |
| Support | 47.40 | H4 |
CrudeOIL, H4: Crude oil price remains traded within a narrowing triangle while currently testing at the bottom level. MACD indicator which begins to illustrate increasing downward momentum suggests possibility to occur a breakout at this level and signal a change in trend direction to move further downwards thereafter.
Resistance level: 47.95, 48.40
Support level: 47.40, 47.00