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230317 CrudeOIL

by | Mar 23, 2017 | Crudeoil | 0 comments

GCMAsia - Crude Oil
CrudeOIL
CrudeOIL
2017-03-23
Resistance and Support Level Explanation
Resistance 48.45 H4
Support 47.85 H4

CrudeOIL, H4: Crude oil price has shaped a double bottom formation following prior rebound from the strong support level near 47.10. A successful closure above the resistance level of 48.45 would suggest crude oil price to advance towards the neckline at 49.45 thereafter.

 

Resistance level: 48.45, 49.45, 50.10

Support level: 47.85, 47.10, 46.50