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201118 CrudeOIL-Noon

by | Nov 20, 2018 | Crudeoil | 0 comments

GCMAsia - CrudeOIL
CrudeOIL
CrudeOIL
2018-11-20
Resistance and Support Level Explanation
Resistance 57.45 H4
Support 55.90 H4

CrudeOIL, H4: Crude oil price remained traded in a sideway channel after retracing from the resistance level 57.45. MACD which illustrate starting bearish momentum suggest the commodity to extend its retracement towards the bottom level of the channel.

 

Resistance level: 57.45, 59.20

Support level: 55.90, 54.20