GCMAsia - CrudeOIL
CrudeOIL
2017-08-15
| Resistance and Support | Level | Explanation |
| Resistance | 48.00 | H4 |
| Support | 47.40 | H4 |
CrudeOIL, H4: Crude oil price pared some losses following a rebound from the support level of 47.40. Such price movement suggests its price to be traded higher in short-term as technical correction. Likewise, long-term trend direction still suggests downward bias as both MA lines continues to expand downwards.
Resistance level: 48.00, 48.55
Support level: 47.40, 46.55