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211220 CrudeOIL-Noon

by | Dec 21, 2020 | Crudeoil | 0 comments

GCMAsia-CrudeOIL
CrudeOIL
CrudeOIL
2020-12-21

CrudeOIL, H4: Crude oil price was traded lower following prior breakout below the previous support level 48.60. MACD which illustrate bearish momentum signal with the formation of death cross suggest the commodity to extend its losses towards the support level 46.40.

 

Resistance level: 48.60, 50.85

Support level: 46.40, 43.45