GCMAsia - CrudeOIL
CrudeOIL
2019-03-05
CrudeOIL, H4: Crude oil price remains traded within a sideway channel while currently testing near the mid-level of the channel and support level of 56.15. MACD which illustrate bearish bias signal suggest the commodity to extend its losses towards the bottom-level of the channel after successfully breaking below the support level.
Resistance level: 57.50, 58.70
Support level: 56.15, 55.00