Oil (F) 2017-08-24

Aug 24 2017, 11:37 am

As we advised few days ago and as we see over our previous chart

Oil managed to head for some drop correction to re-test support line at 47.00-20 zone

As long as market holding above this zone another advance toward 49.50-75 will be expected

Below 46.45 more drop toward 45.40-60 zone will be expected

  Support Resistance
Level 1 47.00-20 48.90
Level 2 46.45 49.75
Level 3 45.40-60 50.40
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