GCMAsia - CrudeOIL
CrudeOIL
2017-09-07
| Resistance and Support | Level | Explanation |
| Resistance | 49.35 | H1 |
| Support | 48.55 | H1 |
CrudeOIL, H1: Crude oil price were traded lower following a retrace from the resistance level at 49.35. MACD histogram which shows substantial downward signal suggests its price to extend further down after successfully closing below the 20-MA line (red).
Resistance level: 49.35, 49.95
Support level: 48.55, 48.00