Forex Trading Library

Oil (F) 2016-09-27

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as we see over our previous chart and as we advised yesterday

market managed to hed for fisrt drop wave from resistance zone 46.50-75 as we advised last week

market managed to rebound yesterday toward 46.20, while as long as market holding below 46.50-75 another drop wave will be valid toward 41.00 zone where market will face initial support zone at 42.75-43.05

above 46.75 market may add more advance where second resistance at 47.75

  Support Resistence
Level 1 44.20 46.30-50
Level 2 42.75-43.05 47.75
Level 3 41.00 49.35
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