GCMAsia - Crude Oil
CrudeOIL
2017-05-11
| Resistance and Support | Level | Explanation |
| Resistance | 47.55 | H4 |
| Support | 46.10 | H4 |
CrudeOIL, H4: Crude oil price extended its gains following prior rebound from the support level of 46.10 while closing above the 60-moving average line (green). As the MACD histogram continues to illustrate upward momentum, a successful closure above the resistance level of 47.55 would suggest crude oil price to move further upwards.
Resistance level: 47.55, 48.75
Support level: 46.10, 43.75