Oil (F) 2017-12-05
Crude Oil still holding trades above support 56.80 where uptrend wave still have a chance to sustain toward 59.60 as we advised last week
from another hand any break below 56.80 may set more drop correction movement to re-test support zone 54.80-55.00 which in turn may give another rebound correction toward 56.70 zone
As long as market holding above 56.80 our target will sustain toward 59.60 and 62.60
Support | Resistance | |
Level 1 | 56.80 | 57.70 |
Level 2 | 55.75 | 59.00 |
Level 3 | 54.80-55.00 | 59.60 |