GCMAsia - CrudeOIL
CrudeOIL
2017-10-03
| Resistance and Support | Level | Explanation |
| Resistance | 51.10 | H4 |
| Support | 50.05 | H4 |
CrudeOIL, H4: Crude oil price extended its losses following prior breakout from the upward trend line. Both MA lines which continues to narrow downwards suggest the commodity price to advance further down and retest at the strong support level near 50.05.
Resistance level: 51.10, 52.85
Support level: 50.05, 49.20