Oil (F) 2018-02-12

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As we advised since the last month, Oil managed to retreate from resistance zone 66.60 where market managed last Friday to hit target 59.00 zone

Market now facing Short-Run support at 57.25 where as long as market holding above a rebound correction with trading zone is expected toward 61.25

Above 61.25 more advance toward 63.50-64.00 zone is expected

Below 57.00 market may head for farther drop toward 54.90

  Support Resistance
Level 1 58.00 61.25
Level 2 57.25 62.10
Level 3 55.80 63.60
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