GCMAsia - CrudeOIL
CrudeOIL
2018-09-21
| Resistance and Support | Level | Explanation |
| Resistance | 70.45 | H4 |
| Support | 69.50 | H4 |
CrudeOIL, H4: Crude oil price was recently traded lower following prior breakout below the previous support level 70.45. Recent price movement and MACD which display bearish momentum and the starting formation of death cross suggest the commodity to extend its losses towards the support level 69.50
Resistance level: 70.45, 71.25
Support level: 69.50, 68.55