GCMAsia - CrudeOIL
CrudeOIL
2019-01-02
| Resistance and Support | Level | Explanation |
| Resistance | 47.00 | H4 |
| Support | 45.20 | H4 |
CrudeOIL, H4: Crude oil price was traded lower while currently testing the support level at 45.20. MACD which display diminishing bullish momentum suggest the commodity to extend its losses towards the lower level of the sideway channel after successfully breaking below the support level.
Resistance level: 47.00, 48.50
Support level: 45.20, 43.55