Forex Trading Library

Oil (F) 2017-05-10

0 193

as we advised last week and as we see over our previous chart

Crude Oil managed to fell below 47.00 zone where managed to head toward target 44.00 zone

market now facing resistance  47.00-30 zone

as long as market holding below 47.00-30 more drop may hit the market toward 42.20 and 39.30 as we see over the chart

above 47.30 market may have chance for more rebound correction toward 49.50 and 51.50

  Support Resistance
Level 1 44.85 47.00-30
Level 2 43.75 49.50
Level 3 42.20 51.50
Leave A Reply

Your email address will not be published.