Forex Trading Library

Oil (F) 2016-08-19

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Market managed to hold uptrend after broke above 46.00-20 where market met our second target 48.25 zone

market sustain advance where we expecting ability for trading zone between 46.00 – 50.40

as we see over the chart, market may head for drop correction before resume uptrend OR may continue advance to test 50.00-40 before head for drop correction

as long as market holding above 47.50 the uptrend movement will sustain

  Support Resistence
Level 1 47.50-70 50.00-40
Level 2 46.00-20 51.65
Level 3 44.40 53.00
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