GCMAsia - Crude Oil
CrudeOIL
2017-04-21
| Resistance and Support | Level | Explanation |
| Resistance | 51.20 | H4 |
| Support | 50.40 | H4 |
CrudeOIL, H4: Crude oil price was traded higher following prior rebound near the support level at 50.40. As the downward momentum from MACD histogram continues to subside, crude oil price may be traded higher in short-term as technical correction. Long-term trend direction suggests crude oil price to move further downwards as both MA line continues to expand downwards after the formation of death cross.
Resistance level: 51.20, 52.15
Support level: 50.40, 49.60