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GCMAsia - CrudeOIL
CrudeOIL
CrudeOIL
2017-09-20
Resistance and Support Level Explanation
Resistance 50.80 H4
Support 50.15 H4

CrudeOIL, H4: Price of crude oil was traded lower prior its retracement from resistance level at 50.80. Downward slope of MACD histogram indicates the price of crude oil to decrease, testing the support level at 50.15.

Resistance level: 50.80, 52.00

Support level: 50.15, 48.70