Forex Trading Library

Oil (F) 2016-08-26

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As we see over the chart and as we advised 2 days ago, as long as market holding above 46.00-20 support zone the uptrend is expected to sustain toward targets 50.50

while below 45.90 market may add more drop pressure to head to test 44.40-60 zone which may provide another rebound correction toward 47.50

  Support Resistence
Level 1 46.00-20 48.30
Level 2 44.40-60 49.15
Level 3 43.00 50.50
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