Oil (F) 2017-12-27

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Crude Oil managed finally to break above 58.60 and managed to met target 59.60 yesterday

Market still on the uptrend wave as long as market keep holding trades above 58.00-40 zone where market may set a new target toward 62.00 as we see over the chart

Below 58.00 market may head again for another drop wave that may target 55.50-80 zone

  Support Resistance
Level 1 59.00 60.00
Level 2 58.00-40 61.00
Level 3 57.00 62.40

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