Oil (F) 2018-01-16

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

Crude oil managed to break above resistance 62.60 where market may have chance to sustain advance as next resistance laying at 66.00-60 zone

From that zone market may have chance for a drop correction with trading zone toward support 59.00

Above 66.60 with daily close above this level may provide market with new uptrend wave toward 74.00 zone

  Support Resistance
Level 1 63.00 64.60-80
Level 2 61.80 65.50
Level 3 59.00 66.60


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