Forex Trading Library

Oil (F) 2016-07-22

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we still holding our previous projection over Oil as we see over chart, market back to the drop movement after hit 46.10 zone in the last 2 days where downtrend pressure still sustain as long as market holding below 46.95 where short-run target still toward 42.30

above 46.10 market may add more advance while above 46.95 expect additional movement toward 48.00-50 zone 

  Support Resistence
Level 1 43.50 45.15
Level 2 42.30 46.10
Level 3 41.00
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