GCMAsia - CrudeOIL
CrudeOIL
2017-10-05
| Resistance and Support | Level | Explanation |
| Resistance | 50.05 | H4 |
| Support | 49.20 | H4 |
CrudeOIL, H4: Crude oil price extended its losses following prior breakout from the support level of 50.05. However, MACD histogram which illustrate diminishing downward momentum suggest the price to be traded higher in short-term as technical correction. Long-term trend direction still skews towards downside bias.
Resistance level: 50.05, 51.10
Support level: 49.20, 48.35