Forex Trading Library

Oil (F) 2018-04-19

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Crude Oil managed to break above 68.70 which activated another advance which still targeting 70.00

Short-Run may add more advance as market expected the comming saction ove Iran may reduce between 0-800k barrels aday

As long as market holding trades above support zone 67.70-68.40 more advance toward 75.00 zone is expected

Below 67.70 market may head for farther drop to test 65.50-70 zone

  Support Resistance
Level 1 68.40 70.00
Level 2 67.70 71.00
Level 3 65.50-70 72.60
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