GCMAsia - Crude Oil
CrudeOIL
2017-04-19
| Resistance and Support | Level | Explanation |
| Resistance | 52.80 | H1 |
| Support | 52.60 | H1 |
CrudeOIL, H1: Crude oil price remains traded within a downward channel while recently was traded lower due to a retracement near the resistance level of 52.80. As both moving average line continues to expand downwards after the formation of death cross, crude oil price is expected to move further down, towards the target of support level at 52.60.
Resistance level: 52.80, 53.00
Support level: 52.60, 52.40