Oil (F) 2018-01-05

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As we advised yesterday and as we see over our previous chart

Crude Oil managed to sustain advance toward target 62.00 as we advised since last week

Market now facing resistance level at 62.60 where as long as market holding below another drop correction toward 58.50-59.00 may hit the market which may provide a trading zone with resistance 62.60 as we see over the chart

below 58.50 more drop toward 55.00 may hit the market

  Support Resistance
Level 1 60.10 62.60
Level 2 58.50-59.00 64.00
Level 3 57.00 65.60

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