Forex Trading Library

Oil (F) 2017-09-12

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

Crude Oil managed to head for drop correction from 49.50 resistance zone as we advised last week

As long as market holding above support 46.40-80 another advance wave toward 49.00-20 will be expected inside this trading zone

Below 45.60 more drop toward 44.00-20 will be expected

  Support Resistance
Level 1 46.40-80 48.60
Level 2 45.60 49.50
Level 3 44.00-20 50.50
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