GCMAsia-CrudeOIL

CrudeOIL
2020-12-31

CrudeOIL, H4: Crude oil price was traded lower following prior retracement from the downward trendline. MACD which illustrated diminishing bullish momentum suggest the commodity to extend its losses toward the support level at 48.15.
Resistance level: 48.70, 49.40
Support level: 48.15, 47.10