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290119 CrudeOIL

by | Jan 29, 2019 | Crudeoil | 0 comments

GCMAsia - CrudeOIL
CrudeOIL
CrudeOIL
2019-01-29
Resistance and Support Level Explanation
Resistance 52.85 H4
Support 50.30 H4

CrudeOIL, H4: Crude oil price was traded lower following recent breakout below the previous support level 52.85. MACD which illustrate persistent bearish momentum suggest the commodity to extend its losses towards the support level 50.30.

 

Resistance level: 52.85, 54.55

Support level: 50.30, 48.35