Forex Trading Library

Oil (F) 2017-12-06

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As we advised and as we see over our previous chart

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
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