GCMAsia- CrudeOIL
CrudeOIL
2017-10-10
| Resistance and Support | Level | Explanation |
| Resistance | 49.85 | H4 |
| Support | 49.10 | H4 |
Crude OIL, H4: Crude oil price was traded higher following its rebound from support level at 49.10 and support by 200-MA line. Positive divergence as shown by MACD histogram suggests crude oil price to trade higher toward the resistance level at 49.85.
Resistance level: 49.85, 50.80
Support level: 49.10, 48.30