GCMAsia - CrudeOIL
CrudeOIL
2019-11-08
CrudeOIL, H4: Crude oil price remain traded in a sideway channel following recent retracement from the resistance level 57.55. However, MACD which illustrate bearish bias signal suggest the commodity to extend its retracement in short term towards the support level 56.30.
Resistance level: 57.55, 59.40
Support level: 56.30, 54.85