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GCMAsia - CrudeOIL
CrudeOIL
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