Forex Trading Library

Oil (F) 2016-08-22

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Crude Oil still holding the uptrend wave that is still protected by support (46.00-20)

as long as market holding above this support the uptrend wave may sustain toward 50.45 and maybe 51.50, while first support at 47.40 zone

below 46.00 market may add more drop movement toward 44.00-40 zone

 

  Support Resistence
Level 1 47.40 49.40
Level 2 46.00-20 50.45
Level 3 44.40 51.65
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