Forex Trading Library

Oil (F) 2017-06-02

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Crude Oil managed to hit below support 47.00 which may provide farther drop later if market managed to hold trades below resistance 47.70-80

as long as market holding below 47.80 more drop toward 45.50 is expected

above 47.80 more advance toward 50.50 may hit the market

 

  Support Resistance
Level 1 46.75 47.70-80
Level 2 46.00 49.15
Level 3 45.50 50.50
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