Oil (F) 2018-02-19

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Crude Oil still holding trading zone as we advised early last week

Market now facing resistance at 62.10 while Intraday support at 59.60

Another trading zone between those levels may took place , while as long as market holding trades above 59.60 the rebound correction may expand toward 63.60 zone

Below 59.60 market may back again to re-test 58.05 zone while more drop to test 57.25 can be achieved

  Support Resistance
Level 1 60.80 62.10
Level 2 59.60 63.60
Level 3 58.05 64.30


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