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080119 CrudeOIL

by | Jan 8, 2019 | Crudeoil | 0 comments

GCMAsia - CrudeOIL
CrudeOIL
CrudeOIL
2019-01-08
Resistance and Support Level Explanation
Resistance 49.75 H4
Support 48.35 H4

CrudeOIL, H4: Crude oil price was traded lower while currently testing the support level at 48.35. MACD which display diminishing bullish momentum suggest the commodity to extend its losses after successfully breakout below the support level at 48.35.

 

Resistance level: 49.75, 51.05

Support level: 48.35, 46.65