Oil (F) 2017-05-31

May 31, 11:12 am

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

cude Oil managed to fell before testing 52.50 while market still holding trades inside short-run trading zone

market still facing support zone at 47.00-30 where as long as market holding above another advance wave toward 51.50 will be available

below 47.00 more drop toward 45.50 will b expected

  Support Resistance
Level 1 48.00 49.70
Level 2 47.00-30 50.35
Level 3 45.50 51.20
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