Oil (F) 2017-08-14

Aug 14, 10:27 am

as we advised last week and as we see over our previous chart

Crude oil still holding trades above support 47.80 which still providing chance for farther advance toward target 51.70-52.00 zone

as long as market holding above this support zone the target will remain valid

below 47.80 market may head for farther drop toward 45.90 zone

  Support Resistance
Level 1 47.80 50.00-40
Level 2 47.00 51.70-80
Level 3 45.80-90 53.00
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