GCMAsia - Crude Oil
CrudeOIL
2017-04-04
| Resistance and Support | Level | Explanation |
| Resistance | 50.40 | H4 |
| Support | 49.60 | H4 |
CrudeOIL, H4: Crude oil price was traded lower following a retracement while currently testing near the 20-moving average line (red). Referring to the MACD histogram which begins to illustrate downward signal and momentum, a closure below this line would suggest crude oil price to advance towards the target of support level at 49.60.
Resistance level: 50.40, 51.20
Support level: 49.60, 48.60