Oil (F) 2017-08-04

as we advised yesterday and as we see over our previous chart

Crude oil still holding trades above support 47.80 which still providing chance for farther advance toward target 51.70-52.00 zone

as long as market holding above this support zone the target will remain valid

below 47.80 market may head for farther drop toward 45.90 zone

  Support Resistance
Level 1 47.80 49.25
Level 2 47.00 50.05
Level 3 45.80-90 51.70-80

START TRADING

or practice on DEMO ACCOUNT

Trading CFDs Involves high risk of loss