Forex Trading Library

Oil (F) 2017-07-25

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

Crude Oil managed to give first signal of more rebound movement still on hand

market now facing support at 44.80 where as long as market holding above another advance wave toward 49.15 is expected

below 44.80 market may add more drop where another support at 43.60 may push the market for another rebound toward 45.00 zone

  Support Resistance
Level 1 44.80 47.20
Level 2 43.60 48.10
Level 3 42.00-20 49.15
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