GCMAsia - Crude Oil
CrudeOIL
2017-03-29
| Resistance and Support | Level | Explanation |
| Resistance | 49.45 | H4 |
| Support | 48.45 | H4 |
CrudeOIL, H4: Crude oil price remains traded within a sideways channel while currently testing near the support level of 48.45. A successful rebound from 48.45 would suggest crude oil price to move further upwards, towards the upper level of the channel in short-term. Otherwise, long-term trend direction could only be determined after a breakout from either side of the channel.
Resistance level: 49.45, 50.10
Support level: 48.45, 47.85, 47.10