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020617 CrudeOIL

by | Jun 2, 2017 | Crudeoil | 0 comments

GCMAsia - CrudeOIL
CrudeOIL
CrudeOIL
2017-06-02
Resistance and Support Level Explanation
Resistance 48.85 H4
Support 47.85 H4

CrudeOIL, H4: Crude oil price was traded lower following prior retracement from the 20-moving average line (red). As both MA lines continue to expand downwards, crude oil price is suggested to extend its losses after breaking the support level of 47.85.

 

Resistance level: 48.85, 50.05

Support level: 47.85, 46.90