Oil (F) 2017-05-17

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

Crude Oil managed to rebound above 47.00-30 resistance zone which may activate farther advance toward 52.50 over Short-Run

as long as market holding above 47.00 more advance toward 51.35 and 52.50 will be expected

below 47.00 more drop will be expected while another support at 43.75 zone

	Support	Resistance
Level 1	48.45	49.60-5000
Level 2	47.00-30	50.90
Level 3	45.50	52.50