GCMAsia - CrudeOIL
CrudeOIL
2017-08-09
| Resistance and Support | Level | Explanation |
| Resistance | 49.55 | H4 |
| Support | 48.80 | H4 |
CrudeOIL, H4: Crude oil price was traded lower following prior retracement from the strong resistance level near 49.55. Recent closure below both MA line suggest further downside bias to extend its losses towards the target of support level at 48.80.
Resistance level: 49.55, 50.40
Support level: 48.80, 47.80