GCMAsia - Crude Oil
CrudeOIL
2017-05-04
| Resistance and Support | Level | Explanation |
| Resistance | 48.80 | H4 |
| Support | 47.40 | H4 |
CrudeOIL, H4: Crude oil price was thinly traded near the support level of 47.40 following prior downward momentum. As the signal line from MACD begins to narrow upwards, crude oil price may be traded higher in short-term as technical correction. Long-term trend direction still suggests crude oil price to move further downwards.
Resistance level: 48.80, 50.25
Support level: 47.40, 46.15