GCMAsia - CrudeOIL
|Resistance and Support||Level||Explanation|
CrudeOIL, H4: Crude oil price remains traded within a downward channel while recently rebounded from the lower level. Such rebound suggests crude oil price to be traded higher in short-term, towards the resistance level of 43.00. Likewise, long-term trend direction suggests crude oil price to remain traded within a downward channel unless a breakout occur at either side of the channel.
Resistance level: 43.00, 44.20
Support level: 42.00, 41.00