Forex Trading Library

Oil (F) 2017-03-23

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Crude Oil still facing drop pressure as we advised before

market still facing resistance at 50.00 and 51.20 zone where as long as market holding below one of those resistances the downtrend pressure will back to hed with market toward target 46.20-40

above 51.20 more advance toward 52.25 and 53.50 is expected

below 46.0 more drop toward 44.00 is expected

  Support Resistance
Level 1 47.25 50.00
Level 2 46.20-40 51.20
Level 3 44.00 52.25
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