GCMAsia -CrudeOIL
CrudeOIL
2017-09-15
| Resistance and Support | Level | Explanation |
| Resistance | 50.20 | H4 |
| Support | 48.70 | H4 |
Crude OIL, H4: Price of crude oil was traded lower prior its retracement from resistance level at 50.20. Formation of engulfing candlestick and downward slope of MACD histogram suggest the crude oil to extend its losses toward support level at 48.70.
Resistance level: 50.20, 52.00
Support level: 48.70, 47.20