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GCMAsia - Crude Oil
CrudeOIL
CrudeOIL
2017-04-11
Resistance and Support Level Explanation
Resistance 53.45 H4
Support 52.75 H4

CrudeOIL, H4: Crude oil price was traded in an uptrend following prior formation of golden cross by both moving average line. As both lines continue to expand upwards, it is expected to move further upward towards the target of resistance level at 53.45.

 

Resistance level: 53.45, 54.10

Support level: 52.75, 52.00