GCMAsia - CrudeOIL
CrudeOIL
2017-08-11
| Resistance and Support | Level | Explanation |
| Resistance | 48.80 | H4 |
| Support | 48.30 | H4 |
CrudeOIL, H4: Crude oil price was traded lower following prior retracement while concurrently closing below both MA lines. MACD histogram which illustrates negative divergence suggests crude oil price to move further down after breaking the support level of 48.30.
Resistance level: 48.80, 49.65
Support level: 48.30, 47.85