Forex Trading Library

Oil (F) 2016-09-19

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market managed to head for some rebound correction after printing 42.75 low last week, while New Contract still facing drop pressure

market will face resistance zone at 44.70 – 45.35 where as long as market holding below this zone more drop yet to come toward 41.00 zone

above 45.35 market may add more advance where next resistance at 46.35-50 zone

  Support Resistence
Level 1 43.00 44.70
Level 2 42.00 45.35
Level 3 41.00 46.35-50
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