GCMAsia - CrudeOIL

CrudeOIL
2019-11-13

CrudeOIL, H4: Crude oil price remain traded in a sideway channel while currently testing near the support level 56.30. However, MACD which illustrate ongoing bearish bias signal suggest the commodity to be traded lower after it breaks below the support level.
Resistance level: 57.55, 59.40
Support level: 56.30, 54.85