Oil (F) 2018-02-13

Posted on

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

Market back to underdrop pressure as market sustain trades below resistance 61.25

Market managed to print high 60.80 yesterday before market back to drop movement 

As we explained before a trading zone may occur between support 57.25 and resistance 61.25

Below 57.25 more drop toward 54.90 may hit the market

While above 61.25 more advance toward 64.00 zone may be expected

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