GCMAsia - CrudeOIL
CrudeOIL
2018-05-18
| Resistance and Support | Level | Explanation |
| Resistance | 71.70 | H4 |
| Support | 71.20 | H4 |
CrudeOIL, H4: Crude oil price was traded lower prior breaking support level at 71.70. Formation of engulfing candlestick pattern and death-cross as shown by MACD signal line would suggest the commodity price to extend its losses towards the trend line of ascending wedge.
Resistance level: 71.70, 72.20
Support level: 71.20, 70.60