GCMAsia - Crude Oil
CrudeOIL
2017-03-31
| Resistance and Support | Level | Explanation |
| Resistance | 50.40 | H4 |
| Support | 49.60 | H4 |
CrudeOIL, H4: Crude oil price has recently break out from the top level of sideways channel, signaling a change in trend direction to move further upwards. Referring to the MACD histogram which continues to illustrate upward signal and momentum above the threshold of 0, a closure above the resistance level of 50.40 would suggest crude oil price to move further upwards thereafter.
Resistance level: 50.40, 51.20
Support level: 49.60, 48.60