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GCMAsia - CrudeOIL
CrudeOIL
CrudeOIL
2017-06-09
Resistance and Support Level Explanation
Resistance 46.90 H4
Support 45.50 H4

CrudeOIL, H4: Crude oil price extended its prior losses following the downward expansion of both MA line after the formation of death cross. MACD histogram continues to illustrate downward signal suggests crude oil price to move further down after breaking the support level of 45.50.

 

Resistance level: 46.90, 47.85

Support level: 45.50, 44.70