Oil (F) 2017-09-08

As we advised yesteray and as we see over our previous charrt

Crude Oil managed to sustain advance where managed today to close from resistance level 49.50-70 zone

As long as market holding below this resistance 49.50-70 another drop wave will be expected toward 46.80 zone

Above 49.70 more advance toward 50.60 and maybe 51.50 may hit the market

Support Resistance
Level 1 48.40 49.50-70
Level 2 47.60 50.60
Level 3 46.80 51.50

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