Forex Trading Library

Oil (F) 2017-10-18

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As we advised early this week and as we see over our previous chart

Crude Oil managed to hit above 51.20 in signs of more advance yet to come

Market may head for drop correction toward 50.00 while as long as market holding above 49.75 more advance still on hand toward 53.70 ( market already managed to drop toward 50.14 )

We still awaiting our target 53.70

Below 49.00 more drop toward 47.70 is expected

  Support Resistance
Level 1 51.00 52.85
Level 2 50.15 53.70
Level 3 49.10 55.00
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