GCMAsia - CrudeOIL
CrudeOIL
2019-01-17
| Resistance and Support | Level | Explanation |
| Resistance | 52.75 | H4 |
| Support | 50.65 | H4 |
CrudeOIL, H4: Crude oil price was traded lower in the sideway channel following prior retracement from the channel’s top level. Due to lack of signal from MACD, a retracement from or breakout above the resistance level is required to attain further confirmation before entering the market.
Resistance level: 52.75, 54.70
Support level: 50.65, 49.70