GCMAsia - Crude Oil
CrudeOIL
2017-05-09
| Resistance and Support | Level | Explanation |
| Resistance | 47.55 | H4 |
| Support | 46.10 | H4 |
CrudeOIL, H4: Crude oil price was traded higher following prior rebound near the support level of 46.10 while closing above the 20-moving average line (red). With regards to the MACD histogram which continues to illustrate upward signal and momentum, crude oil price may be traded higher in short-term as technical correction. Long-term trend direction still suggests crude oil price to extend its losses.
Resistance level: 47.55, 48.70
Support level: 46.10, 43.75