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220219 CrudeOIL

by | Feb 22, 2019 | Crudeoil | 0 comments

GCMAsia - CrudeOIL
CrudeOIL
CrudeOIL
2019-02-22

CrudeOIL, H4: Crude oil price was traded lower following prior retracement from the resistance level 57.50. MACD which illustrate bearish momentum with death cross formation suggest the commodity to extend its retracement towards the support level 55.75.

 

Resistance level: 57.50, 59.20

Support level: 55.75, 54.30