GCMAsia - CrudeOIL
CrudeOIL
2017-09-06
| Resistance and Support | Level | Explanation |
| Resistance | 49.35 | H4 |
| Support | 48.55 | H4 |
CrudeOIL, H4: Crude oil price was traded lower following prior retracement while currently testing at the support level of 48.55. Both MA lines which continues to expand upwards after the formation of golden cross suggests further upside bias for its prices to extend towards the target of 49.35.
Resistance level: 49.35, 50.40
Support level: 48.55, 48.00