|Resistance and Support||Level||Explanation|
CrudeOIL, H4: Crude oil price remained traded within a downward channel following prior rebound from the support level of 45.30. Recent closure above the 20-moving average line suggests crude oil price to move further up, towards the target of resistance level at 46.70 in short-term.
Resistance level: 46.70, 48.40
Support level: 45.30, 44.00