GCMAsia - CrudeOIL
CrudeOIL
2017-09-21
| Resistance and Support | Level | Explanation |
| Resistance | 51.20 | H4 |
| Support | 49.25 | H4 |
CrudeOIL, H4: Crude oil price was traded in ascending channel and is currently consolidating in the range of resistance level at 51.20 and support level at 49.25. Hidden negative divergence as shown by MACD histogram suggests crude oil price on bias to trade lower, testing the bottom of the ascending channel and support level at 49.25.
Resistance level: 51.20, 53.70
Support level: 49.25, 47.90