Oil (F) 2017-08-29

Crude Oil managed to hit below 46.45 in signs of more drop yet to come

As long as market holding below 47.20 more drop will be expected toward 45.40 and 44.00

above 47.20 market may head again to re-test 48.50-80 zone

  Support Resistance
Level 1 45.40-60 47.20
Level 2 44.00 48.50-80
Level 3 43.20-40 49.80

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