GCMAsia - CrudeOIL
![CrudeOIL](https://www.gcmasia.co/analysis/en/wp-content/uploads/sites/2/2016/10/CRE3-e1489566451227.png)
CrudeOIL
2017-06-15
Resistance and Support | Level | Explanation |
Resistance | 45.30 | H4 |
Support | 44.00 | H4 |
CrudeOIL, H4: Crude oil price remained traded within a downward channel following prior retracement from the 20-moving average line (red). As MACD continues to hover inside downward momentum, crude oil price is suggested to extend its losses towards the support level of 44.00.
Resistance level: 45.30, 46.70
Support level: 44.00, 43.00