GCMAsia - CrudeOIL
CrudeOIL
2017-10-17
| Resistance and Support | Level | Explanation |
| Resistance | 52.40 | H4 |
| Support | 51.75 | H4 |
CrudeOIL, H4: Crude oil price was traded lower prior its retracement from resistance level at 52.40. Formation of bearish engulfing candlestick and negative divergence as shown by MACD histogram suggest crude oil price to extend its losses toward the support level at 51.75.
Resistance level: 52.40, 53.00
Support level: 51.75, 51.35