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010819 CrudeOIL

by | Aug 1, 2019 | Crudeoil | 0 comments

GCMAsia - CrudeOIL
CrudeOIL
CrudeOIL
2019-08-01

CrudeOIL, H4: Crude oil price traded lower following prior breakout below the previous support level 57.85. MACD which illustrate diminishing bullish momentum with the starting formation of death cross suggest the commodity to extend its losses towards the support level 56.00.

 

Resistance level: 57.85, 59.25

Support level: 56.00, 54.50