GCMAsia - CrudeOIL
CrudeOIL
2017-05-24
| Resistance and Support | Level | Explanation |
| Resistance | 51.60 | H4 |
| Support | 49.90 | H4 |
CrudeOIL, H4: Crude oil price extended its uptrend following prior rebound from the 20-moving average line (red). As both moving average line continues to expand upwards, crude oil price is expected to extend its upward momentum after breaking the key Fibonacci level of 78.6 at 51.60.
Resistance level: 51.60, 52.65
Support level: 49.90, 48.75