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141220 CrudeOIL

by | Dec 14, 2020 | Crudeoil | 0 comments

GCMAsia-CrudeOIL
CrudeOIL
CrudeOIL
2020-12-14

CrudeOIL, H4: Crude oil price was traded lower while currently testing near the support level 46.40. MACD which illustrate diminishing bullish momentum signal with the starting formation of death cross suggest the commodity to extend its losses after it breaks below the support level.

 

Resistance level: 48.60, 50.85

Support level: 46.40, 43.45