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050417 CrudeOIL

by | Apr 5, 2017 | Crudeoil | 0 comments

GCMAsia - Crude Oil
CrudeOIL
CrudeOIL
2017-04-05
Resistance and Support Level Explanation
Resistance 51.20 H4
Support 50.40 H4

CrudeOIL, H4: Crude oil price was traded higher following prior rebound while closing above the 20-moving average line (red). Referring to the MACD histogram which begins to illustrate upward signal, a closure above the resistance level of 51.20 would suggest crude oil price to extend its upward momentum.

 

Resistance level: 51.20, 52.35

Support level: 50.40, 49.60