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040520 CrudeOIL-Noon

by | May 4, 2020 | Crudeoil | 0 comments

GCMAsia-CrudeOIL
CrudeOIL
CrudeOIL
2020-05-04

CrudeOIL, H4: Crude oil price was traded lower following prior retracement from the resistance level 19.35. MACD which illustrate diminishing bullish momentum with the starting formation of death cross suggest the commodity to extend its losses towards the support level 15.00.

 

Resistance level: 19.35, 24.85

Support level: 15.00, 10.00