Oil (F) 2017-04-05
Crude Oil managed to jump above resistance 51.20 which may set new target toward 53.60 and 54.50 as market expecting shortage at U.S. inventory
as long as market holding above support 49.00-50 more advance toward 53.60 and 54.50 is expected
below 49.00 zone more drop toward 47.50 may hit the market
Support | Resistance | |
Level 1 | 50.70 | 51.70-80 |
Level 2 | 49.00-50 | 52.50 |
Level 3 | 48.00 | 53.60 |