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041018 CrudeOIL-Noon

by | Oct 4, 2018 | Crudeoil | 0 comments

GCMAsia - CrudeOIL
CrudeOIL
CrudeOIL
2018-10-04
Resistance and Support Level Explanation
Resistance 77.05 H1
Support 74.85 H1

CrudeOIL, H1: Crude oil price was traded lower following prior retracement from the resistance level 77.05. MACD which illustrate bearish momentum the starting formation of a death cross suggest the commodity to extend its losses towards the support level 74.85.

 

Resistance level: 77.05, 78.25

Support level: 74.85, 72.80