Oil (F) 2018-07-12
Crude Oil managed to fell below support 72.00-20 where market managed to head to test second support 70.00 before rebound correction hit the market as we explained earlier
Market now facing trading zone between 70.00 support and 72.00-20 resistance as we see over the chart
Above 72.20 a chance for farther advance toward 74.00 may hit the market
Below 70.00 a bigger drop wave may hit the market toward 64.00-50 zone
Support | Resistance | |
Level 1 | 70.00 | 72.00-20 |
Level 2 | 68.50 | 73.00 |
Level 3 | 67.00 | 74.00 |