Oil (F) 2018-02-08

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Crude Oil still holding our expected drop wave correction where we advised last month that continues trade below resistance 66.60 may hit drop correction toward 59.00

Intraday Levels showing a break yesterday below 62.75 where the downtrend pressure still affecting market where target still toward 59.00 zone

Above 62.80 market may head for farther rebound correction toward 64.00-20 zone

  Support Resistance
Level 1 60.80 61.90
Level 2 59.00 62.80
Level 3 58.20 64.20

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