Oil (F) 2017-11-01

Crude Oil managed to hit target 55.00-20 as we advised before

Market now having chance for some drop correction as long as market holding trades below 55.20 where a retreate may hit market toward 53.60 befor advance resume

Above 55.20 market may enter new uptrend wave that may target 59.60 zone

 

	Support	Resistance
Level 1	54.40	55.20
Level 2	53.60	56.50
Level 3	52.25	58.00