GCMAsia - Crude Oil
CrudeOIL
2017-05-02
| Resistance and Support | Level | Explanation |
| Resistance | 48.95 | H1 |
| Support | 48.65 | H1 |
CrudeOIL, H1: Crude oil price was traded lower following previous formation of death cross by both MA lines. As both lines continue to expand downwards, a closure below the support level of 48.65 would suggest crude oil price to extend its downtrend.
Resistance level: 48.95, 49.20
Support level: 48.65, 48.20