Oil (F) 2018-03-12

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Crude Oil seems still holding trades below downtrend line as we see over the chart where resistance laying at 62.60-70 zone

As long as market holding below 62.70 market may sustain drop to re-tetst support 58.00-50 which in turn may provide another advance wave toward 62.00-50 zone

Above 62.70 market may head for farther advance toward 64.60-80

  Support Resistance
Level 1 61.20 62.60-70
Level 2 59.90 64.60-80
Level 3 58.00-50 66.20

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