Forex Trading Library

Oil (F) 2017-03-09

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Crude Oil fell below $50 for the first time since last December

mrket closing from our main support 48.80 which if managed to hold market another rebound wave will be available toward 53.50 zone

below 48.80 more drop will be expected toward 46.00-20 zone

Support Resistance
Level 1 48.80 50.70-51.20
Level 2 47.50 53.65
Level 3 46.00-20 55.20
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