Forex Trading Library

Oil (F) 2017-11-17

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

Crude Oil fell below 55.00-20 support level where market closing from daily support at 54.40-50 zone

As long as market holding above this zone another advance toward 56.80 and 57.70 will be expected as we see over the chart

Below 54.40 market may add more drop movement toward 52.85 zone

  Support Resistance
Level 1 55.00-20 56.85
Level 2 54.40 57.70-90
Level 3 53.60 59.60
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