Oil (F) 2017-11-23
As we advised last week Crude oil managed to sustain advance toward 56.80 and 57.80 targets
Market still holding uptrend wave that may lead for more advance toward 59.60 and maybe 60.40
As long as market holding above support 56.60-90 more advance toward 59.60 is expected
Below 56.60 market may head again to re-test 54.80-55.00 support zone before uptrend back again to control market
Support | Resistance | |
Level 1 | 56.60-90 | 58.00 |
Level 2 | 54.80 | 59.60 |
Level 3 | 52.85 | 60.40 |