Forex Trading Library

Oil (F) 2016-09-01

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Crude oil managed to fell below support 45.50 yesterday after US inventory which placed more drop pressure over market

market will face resistance at 45.50-70 where as long as market holding below this level more drop yet to come toward second target 43.50

while in pig picture market will face main resistance at 46.60 which as long as market holding below will provide farther downtrend wave that may target 41.00 zone

  Support Resistence
Level 1 44.50 45.50-70
Level 2 43.50 46.60
Level 3 41.00 47.50
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