GCMAsia - Crude Oil
CrudeOIL
2017-03-22
| Resistance and Support | Level | Explanation |
| Resistance | 48.45 | H1 |
| Support | 48.05 | H1 |
CrudeOIL, H1: Crude oil price has recently breakout from the bottom level of sideways channel, signaling a change in trend direction to move further downwards. As both moving average line extends its downward expansion after the formation of death cross, it is expected to move further down after a successful closure below the strong support level of 48.05.
Resistance level: 48.45, 48.85, 49.35
Support level: 48.05, 47.65