Oil (F) 2018-01-02

2 8

As we advised last week and as we see over our previous chart

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

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 59.85 60.70
Level 2 59.30 62.00
Level 3 58.00-40 62.60


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