GCMAsia - Crude Oil
CrudeOIL
2017-04-20
| Resistance and Support | Level | Explanation |
| Resistance | 51.20 | H4 |
| Support | 50.40 | H4 |
CrudeOIL, H4: Crude oil price plunged sharply while closing below both moving average line and two consecutive support levels. However, recent rebound from the support level of 50.40 suggests crude oil price to experience brief technical correction and to be traded higher in short-term. Long-term trend direction still suggests crude oil price to move further down as both moving average line continues to narrow downwards.
Resistance level: 51.20, 52.15
Support level: 50.40, 49.60