Oil (F) 2017-05-04
we still holding our last week outlook for the Crude oil
as we see over the chart, crude oil managed to head again to test main support line at 47.10-30 zone which if managed to hold market above another rebound correction may hit the market toward 50.00 zone
below 47.00 more drop toward 44.00 is expected
Support | Resistance | |
Level 1 | 47.10 | 48.20 |
Level 2 | 46.00 | 49.10 |
Level 3 | 44.00 | 51.30 |