Forex Trading Library

Oil (F) 2016-07-05

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As we advised last week, Market managed to sustain rebound where managed to test downtrend line around 50.00 zone  while market managed to hold trades below 50.00 where a drop toward 46.40-80 zone still on hand as we see over our previous chart

above 50.00 will expect farther advance toward 51.65 and 53.00

below 45.80 market may trigger new downtrend wave toward 42.50

  Support Resistence
Level 1 46.40-60 47.90
Level 2 45.60-80 48.50
Level 3 43.05
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