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GCMAsia - CrudeOIL
CrudeOIL
CrudeOIL
2019-02-01
Resistance and Support Level Explanation
Resistance 54.55 H4
Support 51.75 H4

CrudeOIL, H4: Crude oil price was traded lower following prior retracement from the resistance level 54.55. MACD which display bearish bias signal with the starting formation of death cross suggest the pair to extend its retracement towards the support level 51.75

 

Resistance level: 54.55, 57.80

Support level: 51.75, 50.15