Oil (F) 2017-05-11
Crude Oil managed to rebound above 47.00-30 resistance zone which may activate farther advance toward 52.50 over Short-Run
as long as market holding above 47.00 more advance toward 51.35 and 52.50 will be expected
below 47.00 market may head for another drop movement which if managed o hold market above 43.75 another advance toward 51.35 from there will be available
below 43.75 the downtrend wave will resume over market
Support | Resistance | |
Level 1 | 47.00-30 | 48.25 |
Level 2 | 45.50 | 50.15 |
Level 3 | 43.75 | 51.35 |