Oil (F) 2018-02-07

0 1

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

Crude Oil managed to head for drop correction after tested resistance level 66.60 as we advised last month

Market now closing from Intraday Level support at 62.75 where as long as market holding above this zone another rebound correction toward 65.00 may hit the market

Below 62.75 market may resume drop wave where another support laying at 61.80 while we will stick to our target 59.00 zone

 

  Support Resistance
Level 1 62.75 64.20
Level 2 61.80 65.50
Level 3 59.00 66.60

START TRADING

or practice on DEMO ACCOUNT

Trading CFDs Involves high risk of loss