GCMAsia - CrudeOIL
CrudeOIL
2017-05-30
| Resistance and Support | Level | Explanation |
| Resistance | 50.00 | H4 |
| Support | 48.85 | H4 |
CrudeOIL, H4: Crude oil price was traded lower following prior retrace from the resistance level of 50.00 and currently testing in between both moving average line. A closure below the 20-moving average line (red), would suggest crude oil price to advance further down, towards the target of support level at 48.85.
Resistance level: 50.00, 52.00
Support level: 48.85, 47.85