Forex Trading Library

Oil (F) 2016-08-05

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As we see over our previous chart, we advised that resistance zone of (41.85-42.20) is still holding the downtrend pressure where as long as market holding below this zone more drop will be expected toward short-run target (38.00-20)

above 42.20 market may activate bigger rebound correction toward 44.40 while market will face another resistance at 43.50

  Support Resistence
Level 1 39.25 41.85-42.20
Level 2 38.00-20 43.50
Level 3 36.60 44.90
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