Forex Trading Library

Oil (F) 2017-03-15

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as we advised early this week and as we see over our previous chart

Crude Oil managed to fell below 48.80 where managed to trigger more drop pressure for the coming short-run 

market now looking for farther drop to test 46.00-20 zone which may trigger another rebound correction toward 51.00 zone

below 45.90 more drop toward 44.00 will be available

  Support Resistance
Level 1 47.50 50.10
Level 2 46.00-20 51.20
Level 3 44.00 52.50
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