GCMAsia - CrudeOIL
CrudeOIL
2017-08-24
| Resistance and Support | Level | Explanation |
| Resistance | 48.40 | H4 |
| Support | 47.95 | H4 |
CrudeOIL, H4: Crude oil was traded lower following prior retracement from the top level of narrowing triangle. Such price action suggests short-term downside bias for its prices to move further down, towards the next target at 47.95.
Resistance level: 48.40, 48.90
Support level: 47.95, 47.40