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030119 CrudeOIL

by | Jan 3, 2019 | Crudeoil | 0 comments

GCMAsia - CrudeOIL
CrudeOIL
CrudeOIL
2019-01-03
Resistance and Support Level Explanation
Resistance 47.00 H4
Support 45.20 H4

CrudeOIL, H4: Crude oil price was traded lower following prior retracement from the resistance level 47.00. MACD which display diminished bullish momentum suggest the commodity to extend its retracement towards the support level 45.20.

 

Resistance level: 47.00, 48.50

Support level: 45.20, 43.55