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310519 CrudeOIL

by | May 31, 2019 | Crudeoil | 0 comments

GCMAsia - CrudeOIL
CrudeOIL
CrudeOIL
2019-05-31

CrudeOIL, H4: Crude oil price was traded lower after breaking below previous support level at 56.75. MACD which display bearish momentum with the formation of death cross suggest the commodity to extend its losses towards the support level 55.05.

 

Resistance level: 56.75, 58.45

Support level: 55.05, 53.40