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020119 CrudeOIL-Noon

by | Jan 2, 2019 | Crudeoil | 0 comments

GCMAsia - CrudeOIL
CrudeOIL
CrudeOIL
2019-01-02
Resistance and Support Level Explanation
Resistance 46.20 H4
Support 44.45 H4

CrudeOIL, H4: Crude oil price was traded lower following prior retracement from the resistance level 46.20. MACD which illustrate bearish momentum with the formation of death cross suggest the pair to extend its retracement towards the support level 44.45.

 

Resistance level: 46.20, 48.44

Support level: 44.45, 42.05