Oil (F) 2017-04-13

Apr 13, 10:32 am

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

Crude Oil managed to sustain advance toward first target 53.50 while market still showing ability to continue advance toward second target 54.50

market Short-Run will face resistance at 55.00 zone, where if market failed to break above another drop movement may hit market toward 51.60 zone

above 55.00 market may enter new uptrend wave that may target 58.00-60.00 zone

  Support Resistance
Level 1 53.00 54.50-55
Level 2 51.60 56.00
Level 3 49.50 58.00
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