Forex Trading Library

Oil (F) 2017-08-01

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Oil managed to sustain advance where managed today to close from target 50.50-80

market may add more advance to test downtrend line around 51.60-52.00 zone before a drop correction may hit the market tward 48.00 zone

above 52.00 Oil may add more advance signals which may push the market to re-tets 55.00 resistance zone

  Support Resistance
Level 1 49.90 50.50
Level 2 49.15 51.60-52.00
Level 3 47.85 53.50
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