GCMAsia - CrudeOIL
CrudeOIL
2017-04-27
| Resistance and Support | Level | Explanation |
| Resistance | 49.65 | H4 |
| Support | 49.00 | H4 |
CrudeOIL, H4: Crude oil price remains traded within a trading range of 49.00 and 50.20. Recent rebound from the bottom level suggests crude oil price to be traded higher in the short-term, towards the target of resistance level at 49.65. Long-term trend direction could only be determined after a successful breakout from either side of the channel.
Resistance level: 49.65, 50.20, 50.90
Support level: 49.00, 48.30