GCMAsia - CrudeOIL
CrudeOIL
2017-08-03
| Resistance and Support | Level | Explanation |
| Resistance | 49.85 | H4 |
| Support | 49.25 | H4 |
CrudeOIL, H4: Crude oil price halts its recovery while threading lower following a retracement from the 20-MA line (red). Such price movement suggests further bearish bias on its price to advance towards the support level at 49.25.
Resistance level: 49.85, 50.40
Support level: 49.25, 48.45