Forex Trading Library

Oil (F) 2017-08-09

0 211

as we advised last week 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 50.00-40
Level 2 47.00 51.70-80
Level 3 45.80-90 53.00
Leave A Reply

Your email address will not be published.