GCMAsia - CrudeOIL

CrudeOIL
2019-06-13

CrudeOIL, H4: Crude oil price was traded lower while currently testing the support level 50.55. However, MACD which illustrate diminishing bearish momentum suggest the commodity to be traded higher in short term as technical correction towards the resistance level 52.70.
Resistance level: 52.70, 54.50
Support level: 50.55, 48.45