GCMAsia - CrudeOIL
CrudeOIL
2019-10-16
CrudeOIL, H4: Crude oil price remain traded in a sideway channel following recent retracement from the resistance level 54.80. However, MACD which illustrate bearish momentum signal suggest the commodity to be traded lower in short term towards the support level 51.45.
Resistance level: 54.80, 58.35
Support level: 51.45, 48.15