Oil (F) 2017-12-21

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As we advised before, Oil managed to hold trades inside trading zone between 54.80 and 58.70

As we see over the chart , market closing from resistance zone 58.40-70 where as long as market holding below another drop wave toward 54.80-55.00 is expected

Above 58.70 more advance toward 59.60 and 62.40 is expected

  Support Resistance
Level 1 56.50 58.40-70
Level 2 55.80 59.60
Level 3 54.80 60.80
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