Forex Trading Library

Oil (F) 2017-10-30

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Crude Oil managed to sustain advance toward target 53.70 zone

Market managed to break above this level where more advance is expected where market will face another resistance at 55.00-20 zone

As long as market holding below this zone another drop correction toward 53.70 or 52.80 will be expected

Above 55.20 market may enter new uptrend wave that may target 60.00 zone

  Support Resistance
Level 1 53.70 55.00
Level 2 52.80 56.20
Level 3 51.75 58.00
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