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GCMAsia - CrudeOIL
CrudeOIL
CrudeOIL
2018-12-19
Resistance and Support Level Explanation
Resistance 48.45 H4
Support 46.15 H4

CrudeOIL, H4: Crude oil price was traded lower while currently testing the support level 46.15. MACD which illustrate diminishing bearish momentum suggest the commodity to undergo a technical correction and rebound from the support level 46.15.

 

Resistance level: 48.45, 50.25

Support level: 46.15, 44.00