Forex Trading Library

Oil (F) 2016-11-21

0 165

market managed to sustain advance as Saudi Arabia’s energy minister Khalid Al-Falih said Thursday he's "optimistic" that the agreement OPEC reached in September to limit supply will be implemented

as long as market holding daily close above 45.55 the uptrend will sustain toward 49.35 zone and maybe above

any daily close below 45.50 may set back farther drop toward 42.80-43.20 zone

  Support Resistence
Level 1 46.25-35 47.35
Level 2 44.85 48.50
Level 3 43.20 49.35
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