GCMAsia - CrudeOIL
CrudeOIL
2018-12-13
| Resistance and Support | Level | Explanation |
| Resistance | 51.60 | H4 |
| Support | 50.50 | H4 |
CrudeOIL, H4: Crude oil price was traded lower following prior breakout below the previous support level 51.60. MACD which display bearish signal and the formation of death cross suggest the commodity to extend its losses towards the support level 50.50.
Resistance level: 51.60, 52.30
Support level: 50.50, 49.55