Oil (F) 2018-02-12
As we advised since the last month, Oil managed to retreate from resistance zone 66.60 where market managed last Friday to hit target 59.00 zone
Market now facing Short-Run support at 57.25 where as long as market holding above a rebound correction with trading zone is expected toward 61.25
Above 61.25 more advance toward 63.50-64.00 zone is expected
Below 57.00 market may head for farther drop toward 54.90
Support | Resistance | |
Level 1 | 58.00 | 61.25 |
Level 2 | 57.25 | 62.10 |
Level 3 | 55.80 | 63.60 |