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GCMAsia - CrudeOIL
CrudeOIL
CrudeOIL
2019-01-28
Resistance and Support Level Explanation
Resistance 54.55 H4
Support 52.85 H4

CrudeOIL, H4: Crude oil price was traded lower while currently testing near the support level 52.85. However, due to lack of signal from MACD, it is suggested to wait until further signal appear such as breakout above or below the closest resistance or support level before entering the market.

 

Resistance level: 54.55, 57.80

Support level: 52.85, 50.30